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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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