Probleman investor purchases a stock for 57 and a put for, Ask an Expert

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Problem:

An investor purchases a stock for $57 and a put for $.85 with a strike price of $52. The investor sells a call for $.85 with a strike price of $61.

Required:

Question: What is the maximum profit and loss for this position?

Note: Please provide equation and explain comprehensively and give step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148973

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