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Suppose you purchase fourteen put contracts on Testaburger Co. The strike price is $40 and the premium is $2.80. If at explration, the stock is

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Suppose you purchase fourteen put contracts on Testaburger Co. The strike price is $40 and the premium is $2.80. If at explration, the stock is selling for $35 per share, what are your put options worth? What is your net profit? Answer is complete but not entirely correct. Suppose you purchase fourteen put contracts on Testaburger Co. The strike price is $40 and the premium is $2.80. It, at expiration, the stock is selling for $35 per share. what are your put options worth? What is your net profit? Answer is complete but not entirely correct

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