Question: A put option on Indiana stock specifies an exercise price of $23. Today the stock's price is $24. The premium on the put option is

A put option on Indiana stock specifies an exercise price of $23. Today the stock's price is $24. The premium on the put option is $3. Assume the option will not be exercised until maturity, if at all. Complete the following table:

Assumed Stock Price at the Time Net Profit or Loss per Share to Be Earned the Put Option Is About to Expire by the Write

Assumed Stock Price at the Time Net Profit or Loss per Share to Be Earned the Put Option Is About to Expire by the Writer (Seller) of the Put Option $20 $21 $22 $23 $24 $25 $26

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