finance- You bought a put option on Ilikai Igloos, a Hawaiian Igloo manufacturer
QUESTION
4.. You bought a put option on Ilikai Igloos, a Hawaiian Igloo manufacturer, with an exercise price of 40. The stock of Ilikai Igloos is trading for 80.18 at maturity. What is the gross payoff on the put option on Ilikai Igloos? (please show your answer to the nearest penny – the answer can be written in dollar form $00.00)
ANSWER:
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