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A speculator purchases a put option for a premium of $4, with an exercise price of $30. The stock is presently priced at $29 and rises to $32 before the expiration date. What is the maximum profit per unit to the speculator who owned the put option assuming he or she exercises the option at the ideal time?
Great War
Refers to World War I (1914-1918), a global conflict originating in Europe, involving many of the world's major powers.
Women's Legal Position
The legal rights and statuses assigned to women, which can vary tremendously across different societies and have historically been the subject of significant change and advocacy.
League of Nations
An international organization founded after World War I to promote peace and cooperation among countries, which was later replaced by the United Nations.
Entanglements
Complex situations or circumstances where elements are twisted or interwoven in a confusing or complicated manner.
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