Multiple Choice
You purchase one MBI July 120 put contract (equaling 100 shares) for a premium of $3. You hold the option until the expiration date, when MBI stock sells for $123 per share. You will realize a ________ on the investment.
A) $300 profit
B) $300 loss
C) $500 loss
D) $200 profit
Correct Answer:
Verified
Correct Answer:
Verified
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