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An investor invests in a 3-month European put option with strike price 90. The premium for the option is 10.50. At the end of 3

An investor invests in a 3-month European put option with strike price 90. The premium for the option is 10.50. At the end of 3 months, the price of the underlying asset is 72. If the continuously compounded annual risk-free interest rate is 10%, calculate the profit on the put option.

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