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You bought a put option of Apple stock with strike price of $ 500 at a premium of $60, when the option expires the Apple

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You bought a put option of Apple stock with strike price of $ 500 at a premium of $60, when the option expires the Apple stock is traded at $ 450. Which of the follow will happen? I. You walk away without exercising the option. 1I. You exercise the put option to sell the option writer an Apple stock at the price of $500 III. The option seller has to buy the Apple stock from you at the price of $500 IV. The option seller also has to return you the $60 premium you paid O Ionly O ll only O ll and Ill only O None of above

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