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Problem 5. (3 points) Draw a profit-loss diagram of of the following positions (identify breakeven price and maximum loss): Own a Stock, S. (Spot Price)

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Problem 5. (3 points) Draw a profit-loss diagram of of the following positions (identify breakeven price and maximum loss): Own a Stock, S. (Spot Price) = $70, Buy a put P. (Put premium) = $6 with strike price of $65

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