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A put option on a stock has a strike price of $98, and a premium of $0.50. The current stock price is $100. Compute the

  1. A put option on a stock has a strike price of $98, and a premium of $0.50. The current stock price is $100. Compute the profit to a protective put position for the following final stock prices: ST = ($97, $98, $99, $100, $101, $102, $103).

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