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What are your profits (losses) if you purchased a May put option on PUMA stock with a premium of $1.05, and an exercise price of$10.50

What are your profits (losses) if you purchased a May put option on PUMA stock with a premium of $1.05, and an exercise price of$10.50 if the price of the stock at expiration is $11? Each option is for 100 shares of PUMA stock.

A. $105

B. -$105

C. -$10

D. None of the above.

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