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You buy 2 put contracts ( 100 shares each) on 08.22.17 on tgt stock for $3 It has a strike price of $106. the stock

You buy 2 put contracts ( 100 shares each) on 08.22.17 on tgt stock for $3 It has a strike price of $106. the stock drops to $102.50. What is your rate of return on the trade? Answer in percentages

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