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Suppose you purchase eight put contracts on Testaburger Co. The strike price is $35, and the premium is $2.20. If, at expiration, the stock is

Suppose you purchase eight put contracts on Testaburger Co. The strike price is $35, and the premium is $2.20. If, at expiration, the stock is selling for $26 per share, what are your put options worth? What is your net profit?

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