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You buy 3 European put option contracts on a share. The premium for one contract is $5. The strike price is $10.5. If terminal price

You buy 3 European put option contracts on a share. The premium for one contract is $5. The strike price is $10.5. If terminal price of the underlying share $9.5 or $10.5$ or 12.5$ (by the maturity). 1) What will be the BEP? 2) What is the payoff for each of the terminal price and NET result?

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