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Tom Johnson buys 300 shares of TechSpot stock for $56.00 per share and a three-month TechSpot put option (assume one option per share) with an
Tom Johnson buys 300 shares of TechSpot stock for $56.00 per share and a three-month TechSpot put option (assume one option per share) with an exercise price of $55.00 for $12.00 per. What is his dollar gain (+) or loss (-) if the stock sells at $62.00 per share at expiration?
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