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An investor buys a put Option of XYZ share that is currently selling at $65, with an exercise price of $45 and a premium Fee

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An investor buys a put Option of XYZ share that is currently selling at $65, with an exercise price of $45 and a premium Fee of $ 12 to be Expired in 3 months. If before Expiry date, XYZ share Price decreases to $ 27, will the investor exercise the option? If the answer is yes, how much gain or loss will he realize? Show all your calculation

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