Net profit-loss on option to the investor

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Assume that a speculator purchased a put option on BP with an exercise price of $1.40 for $0.0125 per unit. There are 31,250 units in a BP options contract. At the time of the option expiration date, the spot price for BP was $1.3909. What was the net profit/loss on this option to the investor.

Reference no: EM132403242

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