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You buy a put with a strike price of $50 and an option premium of $2.20. You simultaneously buy the stock at a price of

You buy a put with a strike price of $50 and an option premium of $2.20. You simultaneously

buy the stock at a price of $50 a share. What is your profit per share on these transactions if the

stock price at expiration is $55.19?

A.

$2.99

B.

$2.20

C.

$5.19

D.

-$2.99

E.

-$2.20

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