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An investor buys a stock at $48 and a 1 month European Put with a strike price of $45 at $2. What is the payoff

  1. An investor buys a stock at $48 and a 1 month European Put with a strike price of $45 at $2. What is the payoff and profits of that strategy at expiration if the

    • if St = $45?

    • if St = $50?

    • if St = $55?

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