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betterway betterway
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7 years ago
If an investor buys a 100-share put option for $150 with an exercise price of $38 and the underlying price per share of the stock at expiration is $39, what is the amount of profit or loss, ignoring brokerage fees?
A) There would be a profit of $250.
B) There would be a profit of $150.
C) There would be a loss of $250.
D) There would be a loss of $150.
Textbook 
Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
Authors:
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alovelyalovely
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