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QUESTION 24 You have a short position in a put option on Proctor & Gamble stock. If Proctor & Gamble closes at $6.50 on the

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QUESTION 24 You have a short position in a put option on Proctor & Gamble stock. If Proctor & Gamble closes at $6.50 on the day that the option expires and the strike price is $7.00, what will be your gross payoff per share (e not accounting for the upfront premium)

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