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(LO 10) *E17-21 (Put and Call Options) On February 15, 2007, Derek Co. invested idle cash by purchasing a put option on Lee Corp. common

(LO 10) *E17-21 (Put and Call Options) On February 15, 2007, Derek Co. invested idle cash by purchasing a put option on Lee Corp. common shares for $160. The notional value of the put option is 300 sh...

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