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You purchased a stock for $45 a share, SOLD a call option with an exercise price of $42, and BOUGHT a put option with an

You purchased a stock for $45 a share, SOLD a call option with an exercise price of $42, and BOUGHT a put option with an exercise price of $47. What will be the value of your position when the options expire if the stock price is $50 a share?

a. 48 b. 46 c. 56 d. 42

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