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Q1 You purchase a 40-strike European put on a non-dividend-paying stock. You also sell a 30-strike put on the same stock. Both puts expire in six months. You are also given: (i) The current stock price is $42. (ii) At six months, the stock has a price of $27. (iii) The risk-free interest rate is 6%, compounding continuously. (iv) Your net profit, at six months, is $7.24. How much was your initial net premium for your option positions