What are your put options worth-what is your net profit

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Reference no: EM131523755

Suppose you purchase thirteen put contracts on Testaburger Co. The strike price is $40, and the premium is $2.70. If, at expiration, the stock is selling for $36 per share, what are your put options worth? What is your net profit? (Omit the "$" sign in your response.)

Reference no: EM131523755

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