You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?
A)$3,680
B)$3,930
C)$3,570
D)$3,330
E)$3,320

Question

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The Answer of You bought a put option contract with a strike price of $37.50 and a premium of $1.80. At expiration, the stock was selling for $35 a share. What is the net total amount you received for your shares assuming that you disposed of your shares on the expiration date?
A)$3,680
B)$3,930
C)$3,570
D)$3,330
E)$3,320

You Bought a Put Option Contract with a Strike Price