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You bolieve that of prices will be rising more than expected, and that rising prices will result in iower eamings for industriat companies that use
You bolieve that of prices will be rising more than expected, and that rising prices will result in iower eamings for industriat companies that use a lot You locath an excharge traded fund, OLT, that represents a basket of industrial companes. You don't want to short the EIF because you don't have enough marpin in your acoount. QLT is cumently trading at \$32.49, You decide to buy a put option (for 100 shares) with a strike price of $34.05, priced at $2.22. It furns out that you ate correct. At expiration, QLT is trading at $30.20. Calcutate your profit. (Click on the icon here O ) in order to copy the contents of the diata table below inte a spreadiheet) The profit of the trade before trading costs is s (Round to the nearest cent.)
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