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You bolieve that of prices will be rising more than expected, and that rising prices will result in iower eamings for industriat companies that use

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You bolieve that of prices will be rising more than expected, and that rising prices will result in iower eamings for industriat companies that use a lot You locath an excharge traded fund, OLT, that represents a basket of industrial companes. You don't want to short the EIF because you don't have enough marpin in your acoount. QLT is cumently trading at \$32.49, You decide to buy a put option (for 100 shares) with a strike price of $34.05, priced at $2.22. It furns out that you ate correct. At expiration, QLT is trading at $30.20. Calcutate your profit. (Click on the icon here O ) in order to copy the contents of the diata table below inte a spreadiheet) The profit of the trade before trading costs is s (Round to the nearest cent.)

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