Question
You purchase one IBM January 160 put contract for a premium of $9.40. What is your maximum possible profit? (See Figure 15.1.) Assume each contract
| You purchase one IBM January 160 put contract for a premium of $9.40. What is your maximum possible profit? (See Figure 15.1.) Assume each contract is for 100 units. |
| Potential profit | $ |
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
