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6 You purchase one IBM December 200 (exercise price) put option for a premium of $3. You hold the option until the expiration date, when

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You purchase one IBM December 200 (exercise price) put option for a premium of $3. You hold the option until the expiration date, when IBM stock sells for $190 per share. In this case, you will realize a on the investment (including the premium). 1. $1,000 profit 2. $700 profit 3. $300 profit 4. $300 loss 5. $700 loss

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