John purchased 3 put option contracts at an option premium of $0.95 and a strike price of

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John purchased 3 put option contracts at an option premium of $0.95 and a strike price of $40.

At expiration, the stock price was $42.25 per share. What is his percentage return?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Feb 23, 2024 04:21 AM

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John purchased 3 put option contracts at an option premium of $0.95 and a strike price of

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Foundations of Financial Management

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