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You purchase one put option (with exercise price $103) with a premium of $3. Assuming that...

You purchase one put option (with exercise price $103) with a premium of $3. Assuming that the stock price can only moves in the range of $53-$153. What is the maximum profit that you could gain from this strategy?

Enter the answer in number (without the $ sign), round the answer to have no decimal point.

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