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A trader buys 200 put options on a stock with a strike price of $100 when the option price is $3 and the stock price
A trader buys 200 put options on a stock with a strike price of $100 when the option price is $3 and the stock price is $102. The trader holds the options to the maturity date when the stock price is $107. What is the traders net profit or loss?
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