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You buy a put option on Tesla stock with an exercise price of $270. The option expires after one month. Assume the option premium is

You buy a put option on Tesla stock with an exercise price of $270. The option expires after one month. Assume the option premium is $30. What is the payoff this option if the stock price is $200 at expiration? $70$40+$40+$70 None of the above

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