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You believe that oil prices will be rising more than expected, and that rising prices will result in lower earnings for industrial cornpanies that use

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You believe that oil prices will be rising more than expected, and that rising prices will result in lower earnings for industrial cornpanies that use a lot of petroleum-related products in their operations. You also beliove that the effects on this sector will be magnifiod because consumer dernand will fall as oil prices rise You locale an exchange traded fund, QLT, that represents a basket of industrial companies. You don't want to short the ETF because you don' havo enough margin in your account. OLT is currently trading at $32.83. You decide to buy a put option (lor 100 shares) with a strike price of $33.50, pricod at $2.24. What is your profit if you are wrong and the price of XLB increases to $35.50 on the expirabion date? (Click on the icon here p in order to copy the contents of the data table betiow into a spreadsheel) If you are wrong and the price of XL. 8 increases to $35.50 on the expiration date, the profit? (Round to the noarest dollar. Enter a negativo nurnber for a loss.)

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