Question: Question 5 You have purchased a put option on ABC common stock for $3 per contract. The option has an exercise price of $56. What

 Question 5 You have purchased a put option on ABC common

Question 5 You have purchased a put option on ABC common stock for $3 per contract. The option has an exercise price of $56. What is your not profit on this option if stock price is $40 at expiration

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