Question: QUESTION 10 Emily has a long position in a put option on a common stock with a strike price of $7.00, If the stock price

 QUESTION 10 Emily has a long position in a put option

QUESTION 10 Emily has a long position in a put option on a common stock with a strike price of $7.00, If the stock price is $6.50 on the expiration day, what will be her gross payoff per share (i.e not including the upfront premium)

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