George bought a european put option contract in uwy stock, Financial Management

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George bought a european put option contract in uwy stock

George bought a European put option contract in UWY stock from Julie with a striking price of $34.68 per share. He paid $0.67 per share for this option contract. The size of the contract was 100 shares.

Suppose the market price of UWY stock was $32.84 per share at expiration. If the option was exercised at expiration, Julie would

A. buy the put option at $34.68 per share.

B. sell the put option at $32.84 per share.

C. buy a call option at $32.84 per share.

D. buy UWY stock at $34.68 per share.

E. buy UWY stock at $32.84 per share.

F. sell UWY stock at $34.68 per share.

G. sell UWY stock at $32.84 per share .

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Financial Management: George bought a european put option contract in uwy stock

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