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A21: The payoff diagram of a protective put resembles a (A) long call (B) long put (D) short put (E) long straddle (C) short call
A21: The payoff diagram of a protective put resembles a (A) long call (B) long put (D) short put (E) long straddle (C) short call A22: The maximum profit from a bearish spread using 2 puts options where the put premium are pl and p2 respectively and where the strike price of put option 1 is lower than the strike price of put option 2: X1
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