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You own 100 shares of Facebook selling at $134 and you bought a put option contract with a strike price of $125 and a premium

You own 100 shares of Facebook selling at $134 and you bought a put option contract with a strike price of $125 and a premium of $3. If tomorrow there is another privacy scandal and the stock drop to $110, what will be the value of your position?

A. $13,400

B. $12,800

C. $12,500

D. $12,200

E. $11,000

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