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Suppose you buy 40 February 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $87.15 per share.

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Suppose you buy 40 February 100 put option contracts. What is your maximum gain? On the expiration date, Hendreeks is selling for $87.15 per share. How much is your options investment worth? What is your net gain? (Do not round intermediate calculations.)

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