Question: On March 1 , 2 0 2 5 , Ferguson Corp. purchased a put option on shares of SST stock. The contract was for 1

On March 1,2025, Ferguson Corp. purchased a put option on shares of SST stock. The contract was for 100 shares at a strike price of $170 per share, with an expiration date of May 31,2025. Ferguson settled the option on May 5(assume cash settlement). Additional information pertaining to the option is provided below.
\table[[,March 1,March 31,May 5],[Price of SST stock:,$170,$160,$165
On March 1,2025, Ferguson Corp. purchased a put option on shares of SST stock. The contract was for 100 shares at a strike price of $170 per share, with an expiration date of May 31,2025. Ferguson settled the option on May 5(assume cash settlement). Additional information pertaining to the option is provided below.
\table[[,March 1,March 31,May 5],[Price of SST stock:,$170,$160,$165
On March 1,2025, Ferguson Corp. purchased a put option on shares

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