Question: You purchase one put option contract on AMD with an exercise price of $70 for a premium of $2.8. You hold the option until the

You purchase one put option contract on AMD with an exercise

You purchase one put option contract on AMD with an exercise price of $70 for a premium of $2.8. 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. Your

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