What is your net profit

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Suppose you purchase seven put contracts on Testaburger Co. The strike price is $35, and the premium is $2.10.

If, at expiration, the stock is selling for $27 per share, what are your put options worth? What is your net profit?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132015780

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