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You took a long position in M common stock put option. The option has an exercise price of $53 and M 's stock currently trades

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You took a long position in M common stock put option. The option has an exercise price of $53 and M 's stock currently trades at $55. The option premium is $0.80 per share. If M 's stock price is $50 at expiration of the option, your net profit on the option is $ per share

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