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Gwen wrote a put option with a $15 strike price on RDX stock when the stock price was $16 per share. The option premium was $3. What is the maximum loss (per share) that Gwen could experience on her option position?
Binge Drinking
The consumption of an excessive amount of alcohol in a short period, typically considered as five or more drinks on a single occasion for men, and four or more for women.
Obese
A medical condition characterized by excess body fat accumulated to the extent that it may have a negative effect on health, potentially leading to reduced life expectancy and/or increased health problems.
Overweight
Having a body weight more than what is considered normal or healthy for a certain height, often measured by BMI.
Campus Violence
Acts of violence that occur on the campus of an educational institution, including physical assaults, threats, and bullying.
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