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he following options are available on the stock you are concerned about; all have the same expiry date: Option contract Exercise Price Premium Call R110

he following options are available on the stock you are concerned about; all have the same expiry date: Option contract Exercise Price Premium Call R110 R4 Put R95 R3 If the initial purchase price on the share is R100, determine the profit of a Covered Call and a Protective Put when the share price (i) drops to R90; and (ii) rises to R120. (20 marks)

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