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In August, a trader buys a December put option on a stock with a strike price of $200 at a premium of $20. Consider the following statements:. 1. The trader's maximum loss on the expiration date is $20. II. The trader's breakeven stock price on the expiration date is $180. Which of the following is correct? a. Statement I is correct, Statement II is incorrect. b. Statement I is incorrect, Statement ll is correct. OC Statements I and II are correct. d. Statements I and II are incorrect