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Consider: ( a ) Stock trades for $ 1 0 0 ; ( b ) Puts with exercise prices of $ 9 0 , $
Consider:
a Stock trades for $;
b Puts with exercise prices of $ $ and $ trade at prices of $ $ and $ respectively.
If a person buys a $ put and writes a $ put, what is her maximum profit? Please answer correctly up to two decimal places.
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