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The spot price of the market index is $900. After 3 months the market index is priced at $920. The annual rate of interest on

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The spot price of the market index is $900. After 3 months the market index is priced at $920. The annual rate of interest on treasuries is 2.4% (0.2% per month). The premium on the put with an exercise price of $930, is $8.00. What is the payoff to a trader taking a short position for the put at expiration? $10.00 $0 -$10.00 -$30.00

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