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A put option on the stock with an exercise price of $30 currently sells for $4.50. As an speculator, if you buy this put option,
A put option on the stock with an exercise price of $30 currently sells for $4.50. As an speculator, if you buy this put option, what will be your profit or loss at stock prices of 0, 5, 10, 15, 20, 25, 30, 35, 40, 45 and 50? Show detail calculations.
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