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You bought four Norfolk Southern May put options with a strike of $40 and for a premium of $3. On the option expiration date, the
You bought four Norfolk Southern May put options with a strike of $40 and for a premium of $3. On the option expiration date, the stock is selling for $35 per share. What is your profit or loss on the contracts? Draw and label the payoff and profit for the contract. Must have a graph
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