Ann bought 5 put contracts for Westpac shares with a strike price of $9.80.What is her profit

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Ann bought 5 put contracts for Westpac shares with a strike price of $9.80.What is her profit or loss if she exercises the option when the market price for Westpac shares is $8.40.

She paid a premium of $ 0.30/share?

Related Book For answer-question

Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

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Posted Date: May 12, 2023 06:26 AM

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Ann bought 5 put contracts for Westpac shares with a strike price of $9.80.What is her profit

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Macroeconomics Principles and Applications

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