Question

You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?
A. $3,680
B. $3,930
C. $3,570
D. $3,330
E. $3,320

Answer

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