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Question
Gerold purchased 3 put option contracts at an option premium of $0.95 and a strike price of $40. At expiration, the stock price was $42.25 per share. What is his percentage return?A. -100 percent
B. 0 percent
C. 15.79 percent
D. 21.62 percent
E. 31.58 percent
Answer
This answer is hidden. It contains 100 characters.
Related questions
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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An analyst gathered the following year-end price level data for an economy. What is the economy's annual inflation rate for 2012?A. 3.22%B. 3.42%C. 3.68%D. 3.87%E. 3.92%
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