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Harman [31]
3 years ago
15

Suppose you believe that Florio Company's stock price is going to decline from its current level of $82.50 sometime during the n

ext 5 months. For $5.10 you could buy a 5-month put option giving you the right to sell 1 share at a price of $85 per share. If you bought this option for $5.10 and Florio's stock price actually dropped to $60, what would your pre-tax net profit be? a) $5.10 b) $19.90 c) $20.90 d) $22.50 e) $27.60
Mathematics
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

B. $19.90

Step-by-step explanation:

The put option will be exercised only if the final price is below the strike price. If the final price exceeds the strike price, there will simply be a loss equal to the cost of the option.

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