Find intermediate steps in calculations

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Currently, the best bid on July puts, strike price $665, on Apple common stocks is $130.66 while the best ask is $134.94. Quotes are per share. The underlying asset is 100 shares per contract. What does the bid-ask spread cost you in total when you open a long position in 10 of these put options? Note: your answer is a cost, but do not enter a minus sign as part of your answer.

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-Do not round values at intermediate steps in your calculations.

-Enter your answer in dollars and cents, but omit the $ symbol and commas.

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-Example: enter $1,234.56 as 1234.56 in the answer box.

Reference no: EM133061005

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