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

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Reference no: EM131562514

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 $

Reference no: EM131562514

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