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A put option on a stock has an exercise price of $31. If the stock price at expiration is $33.40, what is the option payoff

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A put option on a stock has an exercise price of $31. If the stock price at expiration is $33.40, what is the option payoff for a short put position? A. $0 B. $2.40 C. $33.40 D. $33.40 E. $2.40

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