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Assume that you are long a put option on PQR stock which has a strike price X = $35. The put initially costs $3, What

Assume that you are long a put option on PQR stock which has a strike price X = $35. The put initially costs $3, What is the profit or loss on put if the price of PQR stock at expiration (ST) is $30?

A.

-$2

B.

$2

C.

$5

D.

$8

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