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you have purchased 100 shares of stock for $75 per share. Following this, you buy a protective put with a strike price of $70 for

you have purchased 100 shares of stock for $75 per share. Following this, you buy a protective put with a strike price of $70 for $3.

1. what is the max profit

2. what is the max loss

3. what is the expiration break even point

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