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Chartered Financial Analyst Level 1

Chartered Financial Analyst Level 1

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An investor evaluates a put option with the following details:

  • Stock price at initiation: $220
  • Strike price: $210
  • Option premium: 9Atexpiration,ifthestockpriceis9 At expiration, if the stock price is 9Atexpiration,ifthestockpriceis200, the investor's profit from purchasing the put option is:

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