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Chris is Jeremy. The name was changed on accident. Only 1 person in this problem (Chris) Jeremy entered into long put option contracts on a
Chris is Jeremy. The name was changed on accident. Only 1 person in this problem (Chris)
Jeremy entered into long put option contracts on a stock with a strike price of $55. The options expire in 3 months. The current stock price is $42. The cost of the put options is $1. (A) Develop a profit/loss table and (B) create a corresponding graph of Chris' total profit (a). Use a stock price range of $30 to $70 in $5 increments. Each contract is for 100 shares and he purchased 5 contracts. A. Develop a profit/loss table. Include appropriate column headings. You can add additional columns if needed or leave blank those you do not need B. Create a graph of Chris' total profit which corresponds to the values in the table above. Note: be sure to label your axes appropriately. Axis values should be formatted correctly as well Step by Step Solution
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