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Question
Kim Lee purchased 6 put option contracts on Eastern Imports stock at a strike price of $47.50. The option premium was $0.65. At expiration, the stock was valued at $44.90 a share. What is her percentage return?A. -100 percent
B. 0 percent
C. 5.47 percent
D. 32.82 percent
E. 300 percent
Answer
This answer is hidden. It contains 57 characters.
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