9. Shyam sells a 6-month put with an exercise price of 70, at a premium of 5.
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9. Shyam sells a 6-month put with an exercise price of 70, at a premium of 5. Under what situation the option will be exercised? When will Shyam make profit? Draw a diagram to illustrate Shyam's profit or loss position, with the share prices at maturity.
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