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8) The writer of a put option _______________ . a. agrees to sell shares at a se

ID: 2721860 • Letter: 8

Question

8) The writer of a put option _______________.        a. agrees to sell shares at a set price if the option holder desires          b. has the right to buy shares at a set price   

c. agrees to buy shares at a set price if the option holder desires                    d. has the right to sell shares at a set price

10) You purchase one IBM October 170 put contract for a premium of $9.25. What is your maximum possible profit? (See Figure 15.1.) Assume each contract is for 100 units.

10) You purchase one IBM October 170 put contract for a premium of $9.25. What is your maximum possible profit? (See Figure 15.1.) Assume each contract is for 100 units.

Explanation / Answer

8) has the right to sell shares at a set price

10) insefficient information

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