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You purchase 7 put option contracts with a strike price of $32.5 and an option premium of $1.55. You hold the options until the expiration
You purchase 7 put option contracts with a strike price of $32.5 and an option premium of $1.55. You hold the options until the expiration date. On the expiration date the stock was selling for $21.52 a share. What is your return? Answer should be formatted as a percent with 2 decimal places (e.g. 99.99)
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