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It is October 20h and you own 600 shares of Nole Incorporated common stock, which is selling for $58.60 per share. You decide to establish

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It is October 20h and you own 600 shares of Nole Incorporated common stock, which is selling for $58.60 per share. You decide to establish a collar using the January options shown below. Explain the positions you would take to establish the collar and indicate what your net investment would be for doing so NOLE Stock PriceStrike E Call Put- Date of Volume Price Volume Price uotation 58.60 55.00 Jan 58.60 65.00 Jan 348 474 6.17 1.86 226 315 2.16 7.77 10/20/2017 10/20/2017

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