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You purchased four put option contracts with a strike price of $45 and a premium of $1.10. What is the total net amount you will

You purchased four put option contracts with a strike price of $45 and a premium of $1.10. What is the total net amount you will receive for your shares if you exercise this contract when the underlying stock is selling for $42.90 a share?

a. $525

$400

c. $320

d. $840

e. $660

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