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An investor buys 100 shares of ABC at 50 in May. He also buys an August 80 put for 3 on an index with a multiplier of 100. In August, the ABC shares decline to 45 and the index declines to 70. If the investor closes out his stock position and exercises his put, what is his profit or loss
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An investor buys 100 shares of ABC at 50 in May. He also buys an August 80 put for 3 on an index wit...
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