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You Own 300 Shares of Delta Stock, Which Is Currently

question 14

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You own 300 shares of Delta stock, which is currently worth $42 a share. You just paid an option premium of $.70 to buy 3 put contracts on this stock with a strike price of $40. What is the maximum loss per share you are avoiding by purchasing the option contract?

Understand the concept of runout and its types in dimensional metrology.
Apply knowledge of circular and total runout tolerances in quality control.
Recognize the methods and tools for measuring runout.
Identify errors caused by improper application of runout tolerances.

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