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1)PQR stock is selling for $36 a share. A $32 put on this stock is priced at $0.80. What is your maximum profit and maximum

1)PQR stock is selling for $36 a share. A $32 put on this stock is priced at $0.80. What is your maximum profit and maximum loss if you buy the stock and buy the put (e.g., a protective put)? How does this compare to your maximum profit and loss if you buy the put but do not purchase the stock?

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