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The spot price of the market index is $900. The annual rate of interest on treasuries is 0.2% per month (monthly compounding): The premium on

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The spot price of the market index is $900. The annual rate of interest on treasuries is 0.2% per month (monthly compounding): The premium on the put with an exercise price of $920, is $6.00. Calculate the profit or loss to the short put position if the final index price is $905 in 3 months when the option matures. $15.00 gain 0 0 $15.00 loss $21.04 gain $8.96 loss

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