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An investor has unrealized gains in 100 shares of Amazin stock for which he does not wish to pay taxes. However, he is now bearish

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An investor has unrealized gains in 100 shares of Amazin stock for which he does not wish to pay taxes. However, he is now bearish on the stock for the short term. The stock is at $76 and he buys a put with a strike of $75 for $300. At expiration the stock value is $68. What is the net gain or loss on the entire stock/option portfolio? a -$100 b $700 -$400 d -$800

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