On july 8, a customer buys 1 oex september 170 put at a premium of 5.375 when the s& p 100 closed at 166.00. on july 29, the s& p 100 closed at 159.40 and the customer exercises the option. what is the gross settlement?
[a] $522.50
[b] $1,060.00
[c] $1,597.50
[d] $1,700.00
Answers: 2
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