The following diagram shows the value of a put option at, Financial Management

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The following diagram shows the value of a put option at

The following diagram shows the value of a put option at expiration. Ignoring the transaction cost and answers the following questions.

(A) What is the expiration value of the short position if the stock price is $76?

(B) What is the expiration value of long position if the stock price is $84?

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