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You just established a protective put position on Bet Inc.s stock. You paid $60/share for the stock and $3/share as the premium for the put

You just established a protective put position on Bet Inc.s stock. You paid $60/share for the stock and $3/share as the premium for the put option with an exercise price of $61. (1) Construct the payoff and profit/loss table for this options strategy. (1 point) (2) Draw the payoff and profit/loss diagram for this strategy. (1 point) (3) What is the breakeven point? (1 point) (4) When the stock price moves to $58, how much is the payoff and profit/loss?

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