What is the maximum loss per share you arc avoiding by, Financial Management

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What is the maximum loss per share you arc avoiding by

You own 100 shares of Deltona stock which is currently worth $43 a share. You just paid an option premium of $0.85 to buy one put contract on this stock with a strike price of S35. What is the maximum loss per share you arc avoiding by purchasing the option contract?

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Financial Management: What is the maximum loss per share you arc avoiding by

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