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A customer buys 100 shares of XYZ stock at $72.25 and buys 1 XYZ Oct 70 Put @ $.50. The customer has a(n): A. hedged

A customer buys 100 shares of XYZ stock at $72.25 and buys 1 XYZ Oct 70 Put @ $.50. The customer has a(n):

A. hedged bull position

B. hedged bear position

C. neutral position based on the bullish stock and bearish option

D. unlimited loss potential

*Please explain. I want to understand this material.

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