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Question 23 (1 point) A trader buys a put option on 100 shares of Bodie, Inc. with a strike price of $35 per share when
Question 23 (1 point) A trader buys a put option on 100 shares of Bodie, Inc. with a strike price of $35 per share when the option price is $1.50 per share. When the stock price is $32 per share, the trader exercises the option. What is the trader's net profit from the option? $75 $150 $250 $350
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