General companys stock currently sells for 80 per share and, Financial Management

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General companys stock currently sells for 80 per share and

General? Company's stock currently sells for $80 per share and you believe the price will drop over the next six months. For ?$309 you could purchase one put option? (the right to sell 100 shares of General? stock) that expires in six months and has a strike price of ?$70 per share. What would be your profit? (or loss) if? General's stock price drops to $62??

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Financial Management: General companys stock currently sells for 80 per share and

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