You purchase 10 DEF puts with a strike price of $100 at $4 a contract. They expire in 6 months:

Related Book For  answer-question

Fundamentals of Corporate Finance

ISBN: 978-0077861629

8th Edition

Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan

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Posted Date: June 10, 2023 00:02:44