Question: Exhibit 16.6 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM GE Corporation has a put option selling for $2.90 and a call option selling for

Exhibit 16.6 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM GE Corporation has a put option selling for $2.90 and a call option selling for $1.95, both with a strike price of $29.00. Refer to Exhibit 16.6. What would the net value of a long strap position be if the stock price at expiration is $35?

a. $1.15

b. $2.30

c. -$1.15

d. $5.20

e. -$2.30

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