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you followed a protective put strategy, you bought a stock for $50 and you bought a put strike price @$55 with a premium of $3.
you followed a protective put strategy, you bought a stock for $50 and you bought a put strike price @$55 with a premium of $3. Now the stock price is selling at $52 your maximum profit is- maximum loss is- break even is------- Draw the payoff and profit diagram
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