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Suppose the current price of a stock is $ 1 1 4 and you buy 1 0 contracts of an August put option with a

Suppose the current price of a stock is $ $114$ and you buy $10$ contracts of an August put option with a strike price of $ $110$ and at a premium of $ $4.70 .$ Each contract is for $100$ shares.What is your maximum posible gain? On expiration the stock is selling for $ $104 .$ How much is your options investment worth. What is your net gain?

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