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Suppose you buy a stock (which pays no dividends) for $71 and buy a $75-strike put for $8.28. Assuming the effective annual interest rate is

Suppose you buy a stock (which pays no dividends) for $71 and buy a $75-strike put for $8.28. Assuming the effective annual interest rate is 9%, what is the profit on your position if the stock is worth $68.16 when the option expires?

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