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Ryan buys another 9 month put option contract for a stock at strike price of $40. After 9 months the market price of the stock

Ryan buys another 9 month put option contract for a stock at strike price of $40. After 9 months the market price of the stock is $38. What is Ryan's profit/loss if he paid $100 fee? Group of answer choices $100 -$200 -$100 $200

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