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This morning, Krystal purchased shares of Global Markets stock at a cost of $39.40 per share. She simultaneously purchased puts on Global Markets stock at
This morning, Krystal purchased shares of Global Markets stock at a cost of $39.40 per share. She simultaneously purchased puts on Global Markets stock at a cost of $1.25 per share and a strike price of $40 per share. The put expires in one year. How much profit will she earn per share on these transactions if the stock is worth $38 a share one year from now?
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