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Use the following quotes for JCPenney stock options: If you wanted to purchase the right to sell 2,900 shares of JCPenney stock in November 2015

Use the following quotes for JCPenney stock options: If you wanted to purchase the right to sell 2,900 shares of JCPenney stock in November 2015 at a strike price of $9.50 per share, how much would this cost you

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