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You purchase one IBM July 120 put contract for a price of $5. You hold the option until the expiration date when IBM stock sells

You purchase one IBM July 120 put contract for a price of $5. You hold the option until the expiration date when IBM stock sells for $113 per share. You will realize a ______ on the investment.

A)

$300 profit

B)

$200 loss

C)

$500 loss

D)

$200 profit

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