Question: You write a put option on a stock for a premium of $1. The exercise price is $6.50. What is the option's profit or loss

You write a put option on a stock for a premium of $1. The exercise price is $6.50. What is the option's profit or loss if just prior to expiration the stock price is $4.50? a. $0.00 b. ($0.50) c. $0.50 d. $1.00 e. ($1.00)
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