Suppose you purchase fourteen put contracts on testaburger, Financial Management

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Suppose you purchase fourteen put contracts on testaburger

Suppose you purchase fourteen put contracts on Testaburger Co. The strike price is $40, and the premium is $2.80. If, at expiration, the stock is selling for $35 per share, what are your put options worth? What is your net profit?

Put Options Worth: $

Net Profit: $

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Financial Management: Suppose you purchase fourteen put contracts on testaburger

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