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You buy a put option with a strike price of $25 for $2.50. At expiration, the underlying stock price is $25.50. What is the profit

You buy a put option with a strike price of $25 for $2.50. At expiration, the underlying stock price is $25.50. What is the profit of your investment? (Two decimal points; Answer in dollars: $12.34=12.34 )

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