Q) A put option on MaysCo stock is available with an exercise price of $110 and a premium of $2 per share.   What is the net gain (per share) on the option if the price of MaysCo stock if the price of the stock falls to $104? Show your work. what is the gain per option as a percentage of the premium

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
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Q) A put option on MaysCo stock is available with an exercise price of $110 and a premium of $2 per share.   What is the net gain (per share) on the option if the price of MaysCo stock if the price of the stock falls to $104? Show your work.

what is the gain per option as a percentage of the premium?

i only need second answer plz don't waste my question by answering first one... correct answer will be rated

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