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solina solina
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6 years ago
Erin wrote a put option on Verizon stock with a striking price of $53 per share.  At the expiration date, Verizon was selling for $50 per share.  Which statement best describes the action that Erin should or must take?
A) Erin will do nothing because the market price is lower than the striking price.
B) Erin is obliged to buy the Verizon shares at $53, even though the market price $3.00 lower.
C) Erin must sell the Verizon stock for $53 per share.
D) Erin has the right to sell Verizon stock at $3.00 per share over the market price.
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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vanrheevanrhee
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6 years ago
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solina Author
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6 years ago
Smart ... Thanks!
avance37
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Yesterday
Thanks
Tim0301
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2 hours ago
This site is awesome
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