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Use the following quotes for JC Penney stock options: If you wanted to purchase the right to sell 2,000 shares of JC Penney stock in

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Use the following quotes for JC Penney stock options: If you wanted to purchase the right to sell 2,000 shares of JC Penney stock in January 2013 at a strike price of exist27 per share, how much would this cost you? (Do not round intermediate calculations. Round your answer to the nearest whole dollar. Omit the "exist" sign in your response.) Price exist

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