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Suppose you purchase six put contracts on Testaburger Co. The strike price is $40 and the premium is $5.30. If, at expiration, the stock is

Suppose you purchase six put contracts on Testaburger Co. The strike price is $40 and the premium is $5.30. If, at expiration, the stock is selling for $31 per share, what are your put options worth? What is your net profit?

Value of put options?

Net Profit?

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