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In February 2013 you buy a put option on Ken stock with a strike price of 10 and expiry date in March 2013. The price

In February 2013 you buy a put option on Ken stock with a strike price of 10 and expiry date in March 2013. The price of this option is 1.2. At the expiry date in March 2013, Ken stock trades at 8.50. What gain or loss have you made? (Ignore interest carrying costs).

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