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Suppose that a September put option with a strike price of $130 costs $12.0. Under what circumstances will the holder of the option earn a

Suppose that a September put option with a strike price of $130 costs $12.0. Under what circumstances will the holder of the option earn a profit? Let S equal the price of the underlying.

S < 130

S < 118.0

S > 130

S > 142.0

S < 142.0

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