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Betty and Bob buy 200 shares of XYZ stock @$58 and buy 5 October 60 Put @$3 and buy 2 October 55 Calls @$8. If
Betty and Bob buy 200 shares of XYZ stock @$58 and buy 5 October 60 Put @$3 and buy 2 October 55 Calls @$8. If XYZ is a. $58, b. $55, c. $65 at October expiration, then find their profit and loss.
a) ______________ per share quoted
b) ______________ per share quoted
c) ____________ per share quoted
d) Find the Lower, L, and Upper, U, breakeven points; that is where the Profit or Loss is 0.
L = ______________
U = _____________
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