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8 . An investor holds 1 , 0 0 0 shares of a stock, and they decide to establish a collar with l 0 put

8. An investor holds 1,000 shares of a stock, and they decide to establish a collar with l 0 put contracts on the stock with a $35 strike price, selling for $3.00 per share, and 10 call contracts withs at a strike price of$45, sells for $2 per share. What is the total payoff and profit, respectively, if the stock price - $50 when exercised

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