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An investor buys 100 shares of IBM stock at the price of $200, and a put option of selling one hundred shares at a price
An investor buys 100 shares of IBM stock at the price of $200, and a put option of selling one hundred shares at a price of $202. The option price is $3 for each share. If the stock price rose to $210 and the investor let the option expire, what would be the gain?
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