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Question
Tim purchased 5 put option contracts on Western Fields stock. The strike price was $35 and the option premium was $0.55. At expiration, the stock was selling for $35.75. What is the payoff on the option contracts?A. -$60
B. -$30
C. $0
D. $30
E. $60
Answer
This answer is hidden. It contains 50 characters.
Related questions
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