Suppose you purchase thirteen put contracts on testaburger, Ask an Expert

Finance

Suppose you purchase thirteen put contracts on Testaburger Co. The strike price is $40, and the premium is $2.70. If, at expiration, the stock is selling for $36 per share, what are your put options worth? What is your net profit? (Omit the "$" sign in your response.)

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Financial Management, Finance

Category:- Financial Management
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