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A trader invests in Spotify by buying 1000 shares in March for $27 per share. She also buys 10 put options for $5 per share

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A trader invests in Spotify by buying 1000 shares in March for $27 per share. She also buys 10 put options for $5 per share as insurance in case the stock drops sharply. The put options have a strike price of $27 per share and a maturity date of December. What is the gain or loss if the stock price in December is $37 per share? A) $7,000 loss B) $5,000 gain O C) $5,000 loss D) $7,000 gain

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