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An investor purchases a stock for $50 and a put for $0.55 with a strike price of $46.5. The investor sells a call for $0.55
An investor purchases a stock for $50 and a put for $0.55 with a strike price of $46.5. The investor sells a call for $0.55 with a strike price of $53.5. What is the maximum profit and loss for this position?
| Maximum payoff | $ |
| Minimum Payoff | $ |
| What is the payoff if the stock price at maturity is $47.2 | $ |
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