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You purchase one put option contract on AMD with an exercise price of $ 2 0 0 for a premium of $ 4 . 0

You purchase one put option contract on AMD with an exercise price of $200 for a premium of $4.0. You hold the option until the expiration date, when AMD sells for $208 per share. One contract is on 100 shares of the underlying stock. Compute your profit.

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