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006 Os If you just spent $350 to purchase 1 put option contract (1 contract =100 put options) on stock X with $20 exercise price

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006 Os If you just spent $350 to purchase 1 put option contract (1 contract =100 put options) on stock X with $20 exercise price and an expiration date one week from today. Calculate this put option contract's net profit or loss when stock is valued at $23 per share. 0-$350 $300 O -$300 -$50

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