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Suppose you long 1 put with K=10, short two puts with K=15, and long 1 put with K=20. What is the highest payoff? A. 1
Suppose you long 1 put with K=10, short two puts with K=15, and long 1 put with K=20. What is the highest payoff?
A. 1
B. 2
C. 5
D. 10
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