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A put option on a stock has an exercise price of $40 per share. The cost (price) of the put option is $4 per share.
A put option on a stock has an exercise price of $40 per share. The cost (price) of the put option is $4 per share. If the price of the stock is $38 per share at expiration, what is the profit or loss per share for selling the put option?
Enter positive values without any sign and negative values with a negative sign at at the beginning of the number.
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