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show the steps. 4. An investor bought a 70-strike European put option on an index with six months to expiration. The premium for this option
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4. An investor bought a 70-strike European put option on an index with six months to expiration. The premium for this option was 1. The investor also wrote an 80-strike European put option on the same index with six months to expiration. The premium for this option was 8. The six-month interest rate is 0%. Calculate the index price at expiration that will allow the investor to break evenStep by Step Solution
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