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An investor uses a long protective put strategy. The current stock price is $ 2 0 , strike price for the option is $ 1

An investor uses a long protective put strategy. The current stock price is $20, strike price for the option is $18, and the option premium is $1. The investor will start making a profit on this protective put strategy as long as the stock price at maturity is
Question 14Select one:
a.
greater than $18
b.
greater than $21
c.
the investor will always make a profit from this strategy.
d.
greater than $20

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