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A trader sells one European put option contract with a strike price of $ 4 0 and a time to maturity of six months. The

A trader sells one European put option contract with a strike price of $40 and a time to maturity of six months. The put option price is $2. If the price of the underlying asset is $39 in six months. What is the trader's gain or loss?
(a) gain =100
(b) gain =200
(c) loss =100
(d) loss =300
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