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Today, you construct a portfolio of with (1) purchasing one share of ABC stock at a market price of $41 per share and (2) purchasing

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Today, you construct a portfolio of with (1) purchasing one share of ABC stock at a market price of $41 per share and (2) purchasing a one-year put on one share of ABC with an exercise price of $40. What is your payoff of your portfolio one year later when the market price of the stock drops to 39? 0 - $2.00 $1.50 -$2.50 -$1.00 -$.50

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