One 28 call is valued at 125 and one 28 put is valued at 47
Andover Paper stock is selling for $28.75 a share. One $28 call is valued at $1.25 and one $28 put is valued at $.47. What is the value of five put option contracts?
$235.00
$78.00
$1,400.00
$287.50
$0.00
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