What would be net profit

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Problem 1: You believe that Voltes Co.'s stock price is going to decline from its current level of P82.50 anytime during the next 5 months. You could buy a 5-month put option for P510.25 which gives you the right to sell 100 shares at a price of P83.00 per share. What would be your net profit if you bought a 100-share contract for P510.25 and Voltes Co.'s stock price actually dropped to P63.00?

Reference no: EM132823518

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