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Three weeks ago, you purchased a June $50 put option on Hi-Tech Metals stock at an option price of $.60. The market price of the

Three weeks ago, you purchased a June $50 put option on Hi-Tech Metals stock at an option price of $.60. The market price of the stock three weeks ago was $51.20. Today, the stock is selling at $48.50 a share. What is the intrinsic value of your put contract?

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