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You purchased a put option on M stock with an exercise price of $54. M stock currently trades at $56. The option premium is $0.90per

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You purchased a put option on M stock with an exercise price of $54. M stock currently trades at $56. The option premium is $0.90per share. Your net payoff on the option is -- per share if M's stock price does not change over the life of the option (put o minus sign if you answer is a negative numben Numeric Response

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