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An investor buys a European put on a share for $5. The stock price is currently $102 and the strike price is $99. When does

An investor buys a European put on a share for $5. The stock price is currently $102 and the strike price is $99. When does the investor make a profit?

A) Price is less than $97

B) Price is less than $94

C) Price is less than $99

Please explain your answer.

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