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You are a trader who is bearish over the intermediate term on the stock of Company ABC and decide to purchase a put option with

You are a trader who is bearish over the intermediate term on the stock of Company ABC and decide to purchase a put option with a June 2020 strike price of $50 and price of $4.

A. Describe what the graphical payoff diagrams depicting the payoffs on (i) your long put and (ii) the sellers short put positions look like.

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