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The price of a stock on February 1 is $124. A trader buys 200 put options on the stock with a strike price of $120

The price of a stock on February 1 is $124. A trader buys 200 put options on the stock with a strike price of $120 when the option price is $6. The options are exercised when the stock price is $110. The traders net (profit or loss) is ______________

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