Ann bought 5 put contracts for Westpac shares with astrike price of $10.00 . What is her
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Question:
Ann bought 5 put contracts for Westpac shares with astrike price of $10.00 . What is her profit or loss if she exercises the option when the market price for Westpac shares is $8.40.
She paid a premium of $ 0.30/share.
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