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PLEASE DO NOT HAND WRITING Assume you purchase a put option contract (100 shares) for a price of 6.40 (each stock) for Microsoft (MSFT) that

PLEASE DO NOT HAND WRITING

Assume you purchase a put option contract (100 shares) for a price of 6.40 (each stock) for Microsoft (MSFT) that expire on August 12,2022 with the strike price of $285 on August 4, 2022. Look at the current price and fully explain whether you will exercise or not.

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