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The following diagram shows the value of a put option at expiration: Ignoring transaction costs, answer the following questions. a. What is the expiration value

The following diagram shows the value of a put option at expiration:

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Ignoring transaction costs, answer the following questions.

a. What is the expiration value of the short position in the put if the stock price is $76?

b. What is the expiration value of the long position in the put if the stock price is $76?

c. What is the value of the short position in the put for stock prices equaling or exceeding $80.

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