Question: > Moving to another question will save this response. Question 18 of 27 Question 18 2 points Save Answer You have purchased a put option

> Moving to another question will save this response. Question 18

> Moving to another question will save this response. Question 18 of 27 Question 18 2 points Save Answer You have purchased a put option on ABC common stock for $3 per contract. The option has an exercise price of $54. What is your net profit on this option if stock price is $47 at expiration? A Moving to another question will save this response. Question 18 of 27

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