Question: I am struggling with this problem. The answer should be - 1 0 0 % but I am unsure how to get there. Please show

I am struggling with this problem. The answer should be -100% but I am unsure how to get there. Please show your work, thanks! Question: An investor purchases a put option for $7.40 with a strike price of $65 on a stock currently trading at
$75. What is the investors return on the position?

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