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What's the profit at maturity of a long call bought at p that has a strike K, if the underlying asset price is S ?
What's the profit at maturity of a long call bought at p that has a strike K, if the underlying asset price is S ?
a, both
b, neither
c, S - K - p if S > K, and - p otherwise
d, max(S - K,0) - p
What's the profit at maturity of a long put bought at p that has a strike K, if the underlying asset price is S ?
a, both
b, neither
c, K - S - p if K > S, and - p otherwise
d, max(K--S ,0) - p
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