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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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