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A stock index fund is currently selling for $400 per share. Investor A implements the protective put strategy by buying the fund share and at-the-money
A stock index fund is currently selling for $400 per share. Investor A implements the protective put strategy by buying the fund share and at-the-money put option, which costs $20. Investor B implements the same strategy but uses a put option with a strike price of $390, which costs $15. Find share price at the maturity where each investor performs the same. Please provide work + formulas
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