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Suppose you have 100 shares of Apple, Inc. stock and want to use a collar strategy on the stock that is trading at $390 per

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Suppose you have 100 shares of Apple, Inc. stock and want to use a collar strategy on the stock that is trading at $390 per share. A strike 440 call option on the stock is priced at $10.00 pert share and a strike 340 put option on the stock is priced at $8.00 per share. What are the break-even prices of the collar (from that you may start to loss profits)? A. above $450, or lower $332 B. above $440, or lower $340 C. blow $390 D. above $340, or lower $440

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