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Three months ago, Jakob bought a put option on shares with a strike price of $60. He paid $0.60 for each option. The contract included
Three months ago, Jakob bought a put option on shares with a strike price of $60. He paid $0.60 for each option. The contract included the right to purchase 100 shares. The option expires today and the market price of the shares is $62.50. Excluding transaction costs and taxes, what was the total profit or loss from this deal.
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