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Three put options on a stock have the same expiration date and strike prices of $50, $60, and $70. The market prices are $3, $5,
Three put options on a stock have the same expiration date and strike prices of $50, $60, and $70. The market prices are $3, $5, and $9, respectively. Alice buys the $50 put, buys the $70 put and sells two of the $60 puts. What is the maximum loss that Alice can face?
a.)Infinity
b.)$2
c.)$1
d.) $3
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