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2. The stock price is $11 at expiration. The put warrant price was $1.01 with exercise price equal to $11.5 when the holder purchased the
2.The stock price is $11 at expiration. The put warrant price was $1.01 with exercise price equal to $11.5 when the holder purchased the warrant contract. The conversion ratio is 10. The lot size of the warrant is 100. Calculate the payoff and profit per lot of warrant contract.
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