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40. You projected that Purse Co. stock price is going to decline from its current level of P85.30 sometime during the next 6 months. For

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40. You projected that Purse Co. stock price is going to decline from its current level of P85.30 sometime during the next 6 months. For P460 you could buy a 6-month put option giving you the right to sell 100 shares at a price of P92 per share. If you bought a 100-share contract for P460 and Purse Co.'s stock price actually dropped to P74, what would be your net profit? * (2 Points) O 3,133 O 1,230 O 1.340 O 1.340

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