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You have purchased a put option on Copperhead common stock. Theoption has an exercise price of $53 and Copperhead??s stockcurrently trades at $55. The option

You have purchased a put option on Copperhead common stock. Theoption has an exercise price of $53 and Copperheadâ??s stockcurrently trades at $55. The option premium is $0.80 per contract.a. What 2 answers

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