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Suppose another investor purchases one April put option contract with a strike price of $17.50 at the total cost of $50. The investor would obtain

Suppose another investor purchases one April put option contract with a strike price of $17.50 at the total cost of $50. The investor would obtain the right sell 100 Intel shares for $17.50 per share prior to April 21, 2021. Assume that the price of an Intel share is $30 on April 21, 2021. What is the payoff of the put option at maturity?

Answer options:

-$12.50

-$32.50

-$625

$625

$0

$12.50

$32.50

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