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1 exam 1. You purchase one put option contract. Underlying asset is IBM stock and strike price of this put option is $120. When the
1 exam
1. You purchase one put option contract. Underlying asset is IBM stock and strike price of this put option is $120. When the put option price is $10, the maximum profit that you could gain from this strategy is (You have the right to buy one share of IBM stock when you purchase the put option contract.) A. $80 B. $90 C. $100 D. $110 E. infinity Step by Step Solution
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