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7. You bought a put with a strike price of $45. The current stock price is $42.50. What's the current payoff value of this option?

7. You bought a put with a strike price of $45. The current stock price is $42.50. What's the current payoff value of this option? A. $2.00 B. $0.00 C. $.50 D. $2.50

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