You have purchased a put option on Micron Tech common stock. The option has a strike price
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Question:
You have purchased a put option on Micron Tech common stock. The option has a strike price of $14 and Micron Tech stock is currently trading at $14.35. The option premium is $0.17 per contract. Graph and calculate the net profit if the stock price falls to $13.25
Related Book For
Essentials Of Probability And Statistics For Engineers And Scientists
ISBN: 9780321783738
1st Edition
Authors: Ronald E. Walpole, Raymond Myers, Sharon L. Myers, Keying E. Ye
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