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A trader writes a put option on 100 shares of IBM with a strike price of $200 and a time to maturity of three months.

A trader writes a put option on 100 shares of IBM with a strike price of $200 and a time to maturity of three months. The option premium is $10.00. At the end of three months, the price of IBM stock is $164.46. What is the traders net profit (gain or loss) per share? Assume that the option buyer held the option to expiration and then exercises the option if it is in-the-money.

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