95. A market participant has a view regarding the potential movement of a stock. He
sells a customized over-the-counter put option on the stock when the stock is
trading at $38. The put has an exercise price of $36 and the put seller receives
$2.25 in premium. The price of the stock is $35 at expiration. The profit or loss
for the put seller at expiration is:
A. $(1.25)
B. $1.25
C. $2.25
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