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speculator may write a put option on stock with an exercise price of $15 and earn a $3 premium only if he thought a-the

 

speculator may write a put option on stock with an exercise price of $15 and earn a $3 premium only if he thought a-the stock price would rise above $18 or fall below $ 12. b-the stock price would stay above $ 15. c-the stock price would stay below $12. d-the stock price would fall below $18.

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