Question: You write one Chih, Inc. April 120 put contract (equaling 100 shares) for a premium of $4. You hold the option until the expiration date,

You write one Chih, Inc. April 120 put contract (equaling 100 shares) for a premium of $4. You hold the option until the expiration date, when Chih stock sells for $118per share. You will realize a ______ on the investment.

Multiple Choice

A) $300 profit

B)$200 profit

C)$600 loss

D) $200 loss

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