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The next five questions are based on the following options price data for Tel Tales Corporations (ctitious name), where the options expire on the same

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The next five questions are based on the following options price data for Tel Tales Corporations (ctitious name), where the options expire on the same date in May. Draw profit diagrams in each case, clearly showing the stock price corresponding to zero prot, the maximum profit and loss, and so on. 15.12. A 3:1 reverse hedge (buy three May 30 calls and short the stock)

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