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The price of a two-month AT&T put option with an exercise price of $45 is $7. The current price of AT&T stock is $40 per

The price of a two-month AT&T put option with an exercise price of $45 is $7. The current price of AT&T stock is $40 per share. The put holder exercises the put at expiration when the price of AT&T stock is $35. What is the profit per share to the put holder? a) $2 b) $3 c) $10 d) $12 e) None of the above

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