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One month ago you purchased a put option on the S&P500 Index with an exercise price of $870.00. Today is the expiration date, and the

One month ago you purchased a put option on the S&P500 Index with an exercise price of $870.00. Today is the expiration date, and the index is at $882.96.

a. Will you exercise the option?

(Click to select)NoYes

b. What will be your profit?

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