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XYZ Corp. is selling at 25.50. You think that Obama will solve the Fiscal Cliff problem and that the price of the stock will fall

XYZ Corp. is selling at 25.50. You think that Obama will solve the "Fiscal Cliff" problem and that the price of the stock will fall to 12 4/14. If option premiums are 9.655%, which BASIC option would you buy to make money, assuming you prediction comes true? (show calculations)

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