Question: Puts. Raina bought a put option on a stock for $250. The put gives her the option to sell 100 shares of XYZ stock for
Puts. Raina bought a put option on a stock for $250. The put gives her the option to sell 100 shares of XYZ stock for $45 a share if she exercises the option in the next ninety days. What is Raine's dollar return if she exercised her put when the stock price fell to $310 share? Raina's dollar retum is $(Round to the nearest dollar)
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