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You would like to be hoiding a protective put position on the stock of XYZC0 to lock in a guaranteed minimum value of $100 at

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You would like to be hoiding a protective put position on the stock of XYZC0 to lock in a guaranteed minimum value of $100 at yearend XYZ currently sells for $100. Over the next year, the stock price will elther increase by 10% or decrease by 10%. The T-bill rate is 5% Unfortunately, no put options are traded on XYZ CO. a. How much would it cost to purchase if the desired put option were traded? (Do not round intermediate caiculations, Round your answer to 2 decimal places.) Cost to purchase b. What would be the cost of the protective put portfolio? (Do not round intermediate calculations, Round your answer to 2 decimal places.) Cost of the protective put portfolio $

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