An investor buys a european put on a share for 3 the stock


An investor buys a European put on a share for $3. The stock price is currently $42 and the strike price is $40. When does the investor make a profit?

A) Price is less than $37

B) Price is less than $39

C) Price is less than $40

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Financial Management: An investor buys a european put on a share for 3 the stock
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