Annika has purchased put options on 1000 shares of Amazon with a strike price of $270 per share.The option premium was $6.00 per share.
a.Compute Annika's profit or loss if the market value of Amazon's share is $280 at expiration.
b.Compute Annika's profit or loss if the market value of Amazon's share is $260 at expiration.
c.Compute Annika's profit or loss if the market value of Amazon's share is $272 at expiration.
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