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11. Which of the following formulae of the call and put options is the same as the loss coverage formula of a traditional insurance policy

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11. Which of the following formulae of the call and put options is the same as the loss coverage formula of a traditional insurance policy (suppose there is no coinsurance)? a. Profit/Loss =p Maximum (lL,0) b.Profit/Loss =pMaximum(Ll,0) c.Profit/Loss = Maximum (lL,0)p d. Profit/Loss = Maximum (Ll,0)p

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