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Draw a payoff profile for the following option strategies: Buy a protective put, $3 premium, $67 exercise price, when you bought the shares for $75.

Draw a payoff profile for the following option strategies:

  • Buy a protective put, $3 premium, $67 exercise price, when you bought the shares for $75.
  • Write a call, $2 premium, $40 exercise price. Also, write a covered call on the shares purchased at $30.

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