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Consider the following information for Citigroup put and call options. Strike price: $32.50. Put price: $2.85. Call price: $1.65. A covered call strategy is utilized

Consider the following information for Citigroup put and call options. Strike price: $32.50. Put price: $2.85. Call price: $1.65. A covered call strategy is utilized by an investor who:

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Wishes to generate additional income

Wishes to insure against a decline in share values

Expects share prices to be volatile

Expects shares to remain in a trading range

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