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16. You have established the following positions: Long 500 XYZ Nov 1240 Calls @ 5 Long 500 XYZ Nov 1205 Puts @ 6 What is

16. You have established the following positions: Long 500 XYZ Nov 1240 Calls @ 5 Long 500 XYZ Nov 1205 Puts @ 6 What is the traditional margin requirement? M a. $500,000 M b. $600,000 M c. $550,000 M d. $700,000 M e. None of the above

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