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A stock is selling for $83 per share. One month European puts on the stock with the strike price of $80 are selling for $3.

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A stock is selling for $83 per share. One month European puts on the stock with the strike price of $80 are selling for $3. Jill creates a long protective put by buying 100 puts and 100 shares of the stock. What is her net profit if the stock price is $75 one month later? O Again of $500 boy A loss of $600 O A loss of $300 O Again of $300

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