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(i) What is the gain or loss of purchase of put of Microsoft at exercise price of 285 with expiration in August with stock price

image text in transcribed (i) What is the gain or loss of purchase of put of Microsoft at exercise price of 285 with expiration in August with stock price of 290 ? (ii) What is the gain or loss of writing put of Microsoft at exercise price of 285 with expiration in August with stock price of 290

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