Question: Save and Submit Click Submit to complete this assessment. Question 3 of 3 SA Question 3 1 points You have purchased a put option on

 Save and Submit Click Submit to complete this assessment. Question 3

Save and Submit Click Submit to complete this assessment. Question 3 of 3 SA Question 3 1 points You have purchased a put option on ABC common stock for $2 per contract. The option has an exercise price of $56. What is your net profit on this option if stock price is $40 at expiration

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