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An investor purchases a stock for $47 and a put for $0.95 with a strike price of $45. The investor sells a call for $0.95

An investor purchases a stock for $47 and a put for $0.95 with a strike price of $45. The investor sells a call for $0.95 with a strike price of $53.

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a. What are the maximum profit and loss for this position

DO NOT USE EXCEL SHOW MATH

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