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Please find the value (payoff) if you do a protective put and a covered call for the following prices at expiration: 450$, 460$, 470$, 480$,
Please find the value (payoff) if you do a protective put and a covered call for the following prices at expiration: 450$, 460$, 470$, 480$, and 490$. Choose which would be the most profitable option in terms of pay-off and in terms of return assuming you bought the stock at 478$.
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