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question 2 please 2. We purchase one share of a non-dividend paying stock for S(0) = $98. We insure this postion with a 1-year 96-strike

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2. We purchase one share of a non-dividend paying stock for S(0) = $98. We insure this postion with a 1-year 96-strike put whose premium is $4.00. (1) What is the maximum loss on this position? (2) What is the break even point? (3) Draw and label a profit diagram for this position

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