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Hello, I don't just need to know the answer but also how to work out the problem by hand. Thanks for any and all help!

Hello, I don't just need to know the answer but also how to work out the problem by hand. Thanks for any and all help!

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24. You buy one Chrysler August 50 call contract and one Chrysler August 50 put contract. The call premium is $5.25 and the put premium is $5.00. Your highest potential loss from this position is A) $885 B) $905 C) $1,025 D) unlimited

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