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Review Later An investor holds 200 shares of Company Z with a current trading price of $26 per share. The investor believes that the stock

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Review Later An investor holds 200 shares of Company Z with a current trading price of $26 per share. The investor believes that the stock price is likely to go down therefore he purchased 2 put options on Company Z's shares. The put options have a strike price of $24 and a premium of $1.50. Determine the investor's profit or loss if the stock price falls to $20

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