Question: - You purchase one put option contract on AMD with an exercise price of $70 for a premium of $3.7. You hold the option until

- You purchase one put option contract on AMD with an exercise price of $70 for a premium of $3.7. You hold the option until the expiration date, when AMD sells for $78 per share. One contract is on 100 shares of the underlying stock. Compute your profit.

- Suppose you wrote a European put option on RDNW with an exercise of $30 and premium of $2.6. What would be your profit (per share) if the stock price at the expiration date is $26?

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