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You believe that cil prices will be rising more than expected, and that rising prices will resut in lower earnings for industrial companies that use

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You believe that cil prices will be rising more than expected, and that rising prices will resut in lower earnings for industrial companies that use a lot of petroleum-related products in their operations. You also beliove that the effects on this sector will be magnified because consumer demand will fal as of prices rise. You locase an exchange traded fund, OCT, that represents a basket of indusirat comparies. You don't want to short the ETF because you don't have enough margin in your account. OLT is currently trading at $32.49. You decide to buy a put option (for 100 shares) with a strike price of $34,15, priced at $2.26. It tums out that you are correct. At expiration, QuT is thading at $29.95. Calculate your profit (Click on the icon here P in order to copy the contents of the data table below into a spreadsheet) The profit of the trade before trading conss is 5 (Round to the nearest cent)

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