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Posted on Jul 27, 2024

You set up a bear spread on 100 shares of ZYX Inc. using one $80 put contract selling at $3.74/shr and one $90 put contract

You set up a bear spread on 100 shares of ZYX Inc. using one $80 put contract selling at $3.74/shr and one $90 put contract selling at $6.35/shr. What is the maximum potential profit for this spread (rounded $ to two places after the decimal)?

Correct Answer: $739.00 0.01

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