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Suppose you purchase 6 put contracts on Testaburger Co. stock. The strike price is $35, and...

Suppose you purchase 6 put contracts on Testaburger Co. stock. The strike price is $35, and the premium is $1.50. If, at expiration, the stock is selling for $31 per share, what are your put options worth? What is your net profit?

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jeff jeffy answered 8 months ago
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