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You enter into a put option for CRN. The strike price is $0.6958 and the cost is $0.0085 per CRN. At maturity the CRN is
You enter into a put option for CRN. The strike price is $0.6958 and the cost is $0.0085 per CRN. At maturity the CRN is trading for $0.6960/CRN. Calculate the net gain (loss) per CRN.
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