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You write a put with a strike price of $60 on stock that you have shorted at $60 (this is a covered put). What are
You write a put with a strike price of $60 on stock that you have shorted at $60 (this is a "covered put"). What are the expiration date profits to this position for stock prices of $50, $55, $60o, $65, and $70 if the put premium is $1.80? (A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "O" wherever required. Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock Put payoff Short profit Put profit Net profit price $ 50.00 $ 55.00 $ 60.00 $ 65.00 $ 70.00
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