Business, 02.03.2020 19:29 megansanders215

A customer sells short 100 shares of ABC stock at $63 per share. The stock falls to $47, at which point the customer writes 1 ABC Sept 45 Put at $2. The stock falls to $36 and the put is exercised. The customer's cost basis upon exercise of the put is:
a. $43
b. $47
c. $69
d. $61

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A customer sells short 100 shares of ABC stock at $63 per share. The stock falls to $47, at which po...