Emirates NBD is quoted at AED 8 0 , with an exercise price of AED 6 0
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Question:
Emirates NBD is quoted at AED with an exercise price of AED The frontline trader of
Morgan Stanley trader expects the market to be negative and hence he buys put options with a
premium of AED each. Find out the net payoff of the above trade. The spot price ranges from AED
to AED with intervals of
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