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

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You purchase one IBM July 120 put contract for a premium of $5. You hold the option until the expiration date when IBM stock sells for $123 per share. You will realize a A. $300 profit B. $200 loss C. $500 loss D. $200 profit 10 on the investment

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