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8.2 You have a European put option with a strike price of 100 that costs $6. a. (4 points) When could you exercise the option?

8.2 You have a European put option with a strike price of 100 that costs $6. a. (4 points) When could you exercise the option? b. (4 points) When would you have a positive net profit? c. (2 points) What is your maximum loss and maximum gain

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