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Ebony writes a put option on Walmart stock. At the time she writes the option, Walmart stock is trading for $144. The option premium is
Ebony writes a put option on Walmart stock. At the time she writes the option, Walmart stock is trading for $144. The option premium is $3 for a put option with a strike price of $140 and expiration in one month. What is the maximum dollar profit Ebony could potentially earn?
Enter your answer to the nearest cent (i.e. two decimal places).
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