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4) Suppose you have $30,000 to invest. You're considering STC stock which is currently selling for $50 per share. You notice that a put option

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4) Suppose you have $30,000 to invest. You're considering STC stock which is currently selling for $50 per share. You notice that a put option with a $50 strike is available with a premium of $3.00 Calculate your percentage return on the put option for the six-month holding period if the stock price declines to $46 per share. (2 points)

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