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An investor is considering buying a put option for stock ABC with the following parameters: Exercise price of the put option is $170, initial stock

An investor is considering buying a put option for stock ABC with the following parameters: Exercise price of the put option is $170, initial stock price $165, put option price $8. A. Define payoff and profit function and provide payoff and profit formulae for the put option buyer at maturity with respect to stock price at expiration. (6 points)

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