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Assume that you buy a portfolio of stocks with a portfolio price of $100. A put option on th s portfolio has a strike price

Assume that you buy a portfolio of stocks with a portfolio price of $100.
A put option on th s portfolio has a strike price of $95 and costs $3.
Graph the combined portfilio of stock plus a long position in the put.
What is the worst outcome that can occur at expiration?
What is th position called?

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