Tom Gettback buys 100 shares of Jobnson Walker stock for $87.00. per share and a 3-mont Johnson Walker put option with an exercise price of $105.00 for $20.00 What is Tom's dollr gainloss if at expiration the stock is selling for $105.00 per share?
a. $1000 gain
b. $200 loss
c. $1000 loss
d. $200 gain
c. None of the above
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