Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 18 0.5 points save answer mr. martin buys

Question 18 0.5 points Save Answer Mr. Martin buys a put option to sell 100...

70.2K

Verified Solution

Question

Accounting

image

Question 18 0.5 points Save Answer Mr. Martin buys a put option to sell 100 shares. The strike price=$70; Current stock price=$65, price of the put option to sell one share=$7. At the time of the expiration of the put option, the share price is $72. What is the total gain or loss of Mr. Martin? a. Loss $700 O b. Gain $1300 c. Gain $7 O d. Loss $7

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students