=+2 Palm's share price stands at 4.80. You purchase one March 500p put on Palm's shares for

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=+2 Palm's share price stands at £4.80. You purchase one March 500p put on Palm's shares for 52p. What is your profit or loss if you hold the option to maturity under each of the following share prices?

a 550p b 448p c

420g

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