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State whether the following statement is true or false, then explains the reason:A portfolio consists of one share of company ABC and one European put

State whether the following statement is true or false, then explains the reason:A portfolio consists of one share of company ABC and one European put option on the ABC share with a strike price of $105. At maturity, the value of the portfolio is equal to or greater than$105 (hint: ignore the premium and the cost of purchasing share).

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