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Faris is considering a short position in the July 36.00 PUT option on FAS. Current FAS stock price is $38.75 and the put option premium

Faris is considering a short position in the July 36.00 PUT option on FAS. Current FAS stock price is $38.75 and the put option premium is $1.50.

The maximum possible loss on this put option position is____.

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$34.50

$37.50

$37.25

Unlimited

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