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Larry buys a put option on ABC stock for $3.40. The put option has a $70 strike price. Today, ABC is trading at $72. Should

Larry buys a put option on ABC stock for $3.40. The put option has a $70 strike price. Today, ABC is trading at $72. Should Larry exercise his put option? What will his return on this trade be? A) Yes; 100% B) No; 59% C) Yes; 59% D) No;100%

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