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Suppose the price of a share of MCD stock is $220. A March put option on MCD stock has a premium of $7 and an

Suppose the price of a share of MCD stock is $220. A March put option on MCD stock has a premium of $7 and an exercise price of $230. Ignoring commissions, the option writer will earn a profit if the price of the share becomes a. $224 b. $223 c. $220 d. $217

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