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You buy Apple at the current price of $100. Assume you use a protective put with a premium of $5 and strike of $105 and

You buy Apple at the current price of $100. Assume you use a protective put with a premium of $5 and strike of $105 and the price falls to $90. What is the profit/loss? Select one:

a. $15

b. $10

c. $5

d. $0

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