If you wanted to purchase the right to sell 2,000 shares of JC Penney stock in January

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If you wanted to purchase the right to sell 2,000 shares of JC Penney stock in January 2013 at a strike price of $27 per share, how much would this cost you?
If you wanted to purchase the right to sell 2,000
If you wanted to purchase the right to sell 2,000
Strike Price
In finance, the strike price of an option is the fixed price at which the owner of the option can buy, or sell, the underlying security or commodity.
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