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Question
You own 6 put option contracts on JL Industrial stock. You paid an option premium of $0.75 for a strike price of $42.50. On the option expiration date, the stock was selling for $41.00 a share. What is your percentage return?A. -100 percent
B. -18.75 percent
C. 51.26 percent
D. 78.75 percent
E. 100 percent
Answer
This answer is hidden. It contains 57 characters.
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