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Business, 15.04.2021 16:10 hokamidat

You purchased 500 shares of PSE&M, Inc. stock at a price of $43.70 a share. You then purchased put options on your shares with a strike price of $40.00 and an option premium of $0.90. At expiration, the stock was selling for $47.80 a share. You sold your shares on the option expiration date. What is your net profit or loss your transactions related to PSE&M, Inc. stock? A) $1,600 B) $2,300 C) $1,250 D) $2,150 E) $1,650

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You purchased 500 shares of PSE&M, Inc. stock at a price of $43.70 a share. You then purchased p...
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