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What is an ELN? Given a 3-month ELN on AMD, compute the nominal annual yield and break-even point. Given the face value of the ELN

What is an ELN? Given a 3-month ELN on AMD, compute the nominal annual yield and break-even point. Given the face value of the ELN is $25,000 and the risk-free interest rate is 4% per annum. AMD is now $190, and a 3-month $150 put is worth $7.

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