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Please answer all three questions. No explanation necessary. KRON is trading at $45. You buy a JUN 35 call for $11.00, write a JUN 40
Please answer all three questions. No explanation necessary.
KRON is trading at $45. You buy a JUN 35 call for $11.00, write a JUN 40 call for $7.00, write a JUN 50 call for $2.00 and buy another JUN 55 call for $1.00. At expiration, KRON is trading at $35. 13. What was your gain or loss? 14. What is your maximum possible gain? 15. What are the breakeven points? KRON is trading at $45. You buy a JUN 35 call for $11.00, write a JUN 40 call for $7.00, write a JUN 50 call for $2.00 and buy another JUN 55 call for $1.00. At expiration, KRON is trading at $35. 13. What was your gain or loss? 14. What is your maximum possible gain? 15. What are the breakeven pointsStep by Step Solution
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