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You own a share of UA and you decide to buy a put option as a means to protect yourself if the price of the

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You own a share of UA and you decide to buy a put option as a means to protect yourself if the price of the stock goes down. The strike on the put is $157 whereas UA shares are being trading today at $280. Three days later, the price of UA stocks goes down to $58. What is the net profit of your portfolio? Assume that the put premium (price at which you bought it) was $5.00. This price may be technically incorrect, but it is needed to use the algorithmic-question feature on Canvas. Please round your answer to the two nearest decimals if needed

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