What is the value of five put option contracts

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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

Reference no: EM132074964

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