Question: QUESTION 8 Suppose you took a long position in a June 2014 $75 put and you held it until maturity. The price per share of

 QUESTION 8 Suppose you took a long position in a June

QUESTION 8 Suppose you took a long position in a June 2014 $75 put and you held it until maturity. The price per share of the underlying stock was $73.20 at expiration. The put premium paid was $1.35. What is the payoff for the contract? O 315 -135 45

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