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40. Assume an investor sells a six-month put option with an exercise price of $50 and a premium of $5.51. The payoff for the put
40. Assume an investor sells a six-month put option with an exercise price of $50 and a premium of $5.51. The payoff for the put at expiration is a function of the share price at that time. The investor forecasts a combination of five possible share prices that will occur in six-months time. What is the maximum profit, to the seller of the option? Give your answer to two decimal places. Possible share price at expiration: $23.98, $33.33, $49.37, $53.33, $68.57
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