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What is your net profit or loss on this investment

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Question - Three months ago, AXE stock was selling for $44.25 a share. At that time, you sold three put options on the stock with a strike price of $45 per share and an option price of $1.75 per share. The option expires today when the value of the stock is $42.50 per share. What is your net profit or loss on this investment? Ignore commissions and taxes. Round the answer to the nearest dollar. Enter as positive if a profit; enter as negative if a loss.

Reference no: EM133164834

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