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A trader creates a spread by selling a 6-month put option with a $17.00 strike price for $1.35 and buying a 6-month put option with

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A trader creates a spread by selling a 6-month put option with a $17.00 strike price for $1.35 and buying a 6-month put option with a $20.00 strike price for $2.60. The initial cost to set up the strategy is E Give your answer correct to two decimal places, or your answer will be incorrect. The breakeven share price for the strategy is $ . Give your answer correct to two decimal places, or your answer will be incorrect. This strategy is called a -spread

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