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14. Ben buys 5 contracts of XYZ Aug 30 puts @ 3. Three months later the stock is trading at @25. Could he exercise his

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14. Ben buys 5 contracts of XYZ Aug 30 puts @ 3. Three months later the stock is trading at @25. Could he exercise his contracts profitably? a. No, he would lose $500 b. Yes, he would profit $1,000 c. No, he would lose $1,000 d. Yes, he would profit $500

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