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For risk management purposes, Bayan decided to undertake a strategy consisting of selling a put with a strike price of 22.1098 for 2.11, selling a

For risk management purposes, Bayan decided to undertake a strategy consisting of selling a put with a strike price of 22.1098 for 2.11, selling a put with a strike price of 18.2451 for 0.56, and buy two puts with a strike price of 20.8931 for a total of 2.2488. She entered this position with 5000 contracts each contract containing 100 strategies that would expire in 3 months from now.
a/ What is the amount of her max loss?

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