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12 Which of the followings is not true about the payoffs and profits of option strategies? O a. The Payoff is always higher than the

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Which of the followings is not true about the payoffs and profits of option strategies? O a. The Payoff is always higher than the profit from the same strategy Ob. The difference between the payoff and the profit is the cost of the strategy. OC. The payoff must always be positive and the profit can be negative. Od. The profit is parallel to the payoff from the same strategy. Unsure

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