What is your profit or loss

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Question: Delta stock (DAL) is trading at $11.70 today. Consider an American put option on 1 share of DAL with strike K = 12 and expiration in T = .25 years. The put is selling today for $1.46. Assume the risk-free rate is 1%. 1 month later, the put option is trading at $0.85. so you decide to sell your put option. What is your profit or loss?

Reference no: EM131966154

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