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Question 12 - What is the option buyers total profit or loss per share if a put option is purchased for a $5 premium, has

Question 12 - What is the option buyers total profit or loss per share if a put option is purchased for a $5 premium, has a $50 exercise price, and the stock is valued at $53 at expiration?
1. -5
2. -2
3. 3
4. 8

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