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could you please explain how to solve ir step by step? Suppose another investor purchases one April put option contract with a strike price of

could you please explain how to solve ir step by step? image text in transcribed
Suppose another investor purchases one April put option contract with a strike price of $17.50 at the total cost of $50. The investor would obtain the right sell 100 Intel shares for $17.50 per share prior to April 21, 2021. Assume that the price of an Intel share is $30 on April 21, 2021. What is the payoff of the put option at maturity

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