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Problem 15-5 You purchase one IBM January 165 put contract for a premium of $10.85. What is your maximum possible profit? (See Figure 15.1.) Assume

Problem 15-5

You purchase one IBM January 165 put contract for a premium of $10.85. What is your maximum possible profit? (See Figure 15.1.) Assume each contract is for 100 units.

Potential profit

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