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Assume that you purchased a put option with an exercise price of $40 for a premium of $5. If the market price of the underlying

Assume that you purchased a put option with an exercise price of $40 for a premium of $5. If the market price of the underlying asset at maturity is realized as $37, your total profit/loss from this investment is closest to:

Select one:

a. $5

b. $3

c. $2

d. $2

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