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19 Assume you sold an American put with a strike price of $75 for $5.75 when the underlying stock was trading at $76. What is

19

Assume you sold an American put with a strike price of $75 for $5.75 when the underlying stock was trading at $76. What is the maximum amount you could lose (in total including option premium) at expiration?

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$0.

$5.75

$69.25

$70.25

$75

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