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ABC Company shares are currently trading at $37.50. For $2.50 an investor purchases a put option expiring in September with a strike price of $33.50.

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ABC Company shares are currently trading at $37.50. For $2.50 an investor purchases a put option expiring in September with a strike price of $33.50. At what ABC company share price will this position become profitable for the investor? a) At a price equal to $35 b) At a price below $31 c) At a price above $40 d) At a price above $36

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