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2. FLT stock was selling for $25.46 a share five months ago, when you purchased five put options on the stock with an exercise price

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2. FLT stock was selling for $25.46 a share five months ago, when you purchased five put options on the stock with an exercise price of $23.00 per share and an option price of $0.50 per share. The option expires today with the value of the stock of $19.50 per share. What is the net profit or loss on this investment, ignoring all trading costs and taxes

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