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Which of the following strategies will pay off when the stock price is high, but not when it is low? a. Buy a put with

Which of the following strategies will pay off when the stock price is high, but not when it is low?

a.

Buy a put with low strike, write a call with high strike
b. Buy a put with low strike, write a put with high strike
c.

Buy a put with high strike, write a put with low strike
d. Buy a call with high strike, write a call with low strike

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