If at expiration the stock is selling for 39 per share what, Financial Management

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If at expiration the stock is selling for 39 per share what

Suppose you purchase five put contracts on Testaburger Co. The strike price is $45, and the premium is $3. If, at expiration, the stock is selling for $39 per share, what are your put options worth? What is your net profit? (Omit the "$" sign in your response.)

Put options worth $

Net profit $

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Financial Management: If at expiration the stock is selling for 39 per share what

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Financial Management: If at expiration the stock is selling for 39 per share what

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