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Consider: (a) Stock trades for $100; (b) Puts with exercise prices of $90,$100, and $110 trade at prices of $3.76,$8.97, and $14.31 respectively. If a
Consider: (a) Stock trades for $100; (b) Puts with exercise prices of $90,$100, and $110 trade at prices of $3.76,$8.97, and $14.31 respectively. If a person buys a $90 put and writes a $110 put, what is her profit if the stock price is 92.13 at maturity? Please answer correctly up to two decimal places. -7.32 margin of error +/0.01
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