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Ted buys 15 PUT option contracts Each contract consists of 100 shares Exercise price $22.50 per share; Premium $3.20; Spot price at expiry $18.00 a)

Ted buys 15 PUT option contracts Each contract consists of 100 shares Exercise price $22.50 per share; Premium $3.20; Spot price at expiry $18.00 a) How much does it cost to purchase the 15 contract...

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