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

On March 1,2025, Hudson Corp. purchased a put option on shares of ICA stock. The contract was for 100 shares at a strike price of $130 per share, with an expiration date of May 31,2025. The option contract premium was $40. On March 31, a market appraisal estimated the time value of the option to be $30.
Hudson settled the option contract on May 10. Prices of ICA stock during the option period are provided below.
March 1 March 31 May 10
Price of ICA stock: $130 $120 $125
At what amount would Hudson report as the value of the put option in its March 31,2025 balance sheet?

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