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You have taken a protective put strategy by purchasing 100 shares of ANW stock at $20 per share and 1 ANW put option contract at

You have taken a protective put strategy by purchasing 100 shares of ANW stock at $20 per share and 1 ANW put option contract at a premium of $1. The put option contract has a strike price of $15. What is the maximum potential loss for this strategy?

A)$600

B)100

C)500

D)800

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