What would dale profit be if he exercised options

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Dale bought 6 put option contracts for NAB shares, with a strike price of $9.03. At the expiry date the market price, or spot price, is $6.23. Each contract consists of 100 shares. 

What would Dale's profit be if he exercised his options?

Dale paid a premium of $0.40 per share.

Reference no: EM132408755

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