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27. You sell a European put option contract on 100 shares with a strike price of $40.00 at a cost of $3.00 per share. At
27. You sell a European put option contract on 100 shares with a strike price of $40.00 at a cost of $3.00 per share. At expiration the stock price is $43.00. What is the net gain you experience at expiration?: * a. $(300) b. $0 c. $300 d. $4,300
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