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You own 2,500 shares of Jordan Co. stock which is currently valued at $38 a share. The $40 put has a premium of $2.25 and

You own 2,500 shares of Jordan Co. stock which is currently valued at $38 a share. The $40 put has a premium of $2.25 and a put delta of -0.25. What position should you take in $40 put contracts to hedge your stock against a $1 decrease in price

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