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21. XYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put

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21. XYZ stock is currently trading at a market price (S) of $50. You do not own the stock, but you are long a put option on 1 share with a strike price (X) of $43. The put cost (premium) was $2. The stock price falls to 42 on expiration date. Do you exercise the option? * Yes No

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