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Pierre purchases a put option on Walltec that has a strike price of $11 and a premium of $1. Wallltec's stock price is now at

Pierre purchases a put option on Walltec that has a strike price of $11 and a premium of $1. Wallltec's stock price is now at $10, an all time high, although the stock has traded as low as $5 in 2008. What is the MAXIMUM profit that Pierre can hope to earn on this put option?

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