The owner of the option behaves rationally tomorrow

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Reference no: EM131357682

Joe sold a put option on YYY Corp. with an exercise price of $30. The option expires tomorrow and YYY is currently trading at $26.49 per share. The option premium was $4.38 per share. What is Joe's profit or loss per share if the owner of the option behaves rationally tomorrow? Show your answer to the nearest $.01. Do not use the $ sign in your answer. If your answer is negative be sure to use the - sign

Reference no: EM131357682

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