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Suppose you construct the following European option trades on Microsoft stock: purchase a put option with an exercise price of $22 and a premium of
Suppose you construct the following European option trades on Microsoft stock: purchase a put option with an exercise price of $22 and a premium of $3.05 and write a put option with an exercise price of $40 and a premium of $15. What is your maximum dollar net profit, per share? (Respond with two decimal places, without commas, dollar signs or percent signs, but use negative sign if necessary, so for example "-12.34").
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