The stock is selling for 33 per share what are your put, Financial Management

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The stock is selling for 33 per share what are your put

Suppose you purchase twelve put contracts on Testaburger Co. The strike price is $40, and the premium is $2.60. If, at expiration, the stock is selling for $33 per share, what are your put options worth? What is your net profit? (Omit the "$" sign in your response.)

Put options worth $

Net profit $

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Financial Management: The stock is selling for 33 per share what are your put

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