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For this and next three questions, assume: Purchase price of Stock A: $25 Put option strike price: $25 Option expiration date: December 31, 2022 Price

For this and next three questions, assume: Purchase price of Stock A: $25 Put option strike price: $25 Option expiration date: December 31, 2022 Price of put option: $5 Express as positive or negative percent to nearest whole percent, e.g. -100% = -100 Return (%) = 100 * (payoff purchase cost)/purchase cost If you bought the put option only (and did not buy the stock), what is the return on the option (%) if you sell it when the stock goes down to 5?

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