An investor purchases 100 shares of XYZ at $60, buys a contract of XYZ 55 put at
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Question:
An investor purchases 100 shares of XYZ at $60, buys a contract of XYZ 55 put at $3 and sells a contract of XYZ 65 call for $3.5.
What is the investors maximum potential loss?If the call is exercised when the market price of XYZ is 70, what is the investors profit?
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