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Assume an investor buys a six-month put option with an exercise price of $50 and a premium of $4.31. The payoff for the put at
Assume an investor buys a six-month put option with an exercise price of $50 and a premium of $4.31. The payoff for the put at expiration is a function of the share price at that time. The investor forecasts a combination of five possible share prices that will occur in six-months time. What is the maximum profit to the buyer of the put option? Give your answer to two decimal places.
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