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You sold a put option on Ford Motor and received a premium of $4. The exercise price is $45. What is your net income if

You sold a put option on Ford Motor and received a premium of $4. The exercise price is $45. What is your net income if the Ford price is $40

Select one:

a. $-2

b. $1

c. $-3

d. $-1

e. $2

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