14. R.K. Ramachandran has purchased 3-month call on a share with an exercise price of 50, at...

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14. R.K. Ramachandran has purchased 3-month call on a share with an exercise price of 50, at at premium of 4. He has also bought a 3-month put on the same share, with an exercise price of *50, at a premium of 2. Determine Ramchandran's position at maturity if the share price is either *52 or *45.

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