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Stu purchased six put options on XY stock with a strike price of $45 and an option price of $2.60 per share. The option expires

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Stu purchased six put options on XY stock with a strike price of $45 and an option price of $2.60 per share. The option expires today when the value of the stock is $41.40 per share. What is the net profit on this investment? Ignore trading costs and taxes. Multiple Choice -$260 () -$100 O $100 $600 O $260 O

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