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Question 20 You have purchased a put option on ABC common stock for $3 per contract. The option has an exercise price of $55. Wh

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Question 20 You have purchased a put option on ABC common stock for $3 per contract. The option has an exercise price of $55. Wh Donse. Question 20 of 27 2 points Save Answer per contract. The option has an exercise price of $55. What is your net profit on this option if stock price is $44 at expiration? Question 20 of 27

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