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in her long position, she bought at 60 and it’s now 52, so she lost 8/sh there. -8
her  buying the put was at 60 and it’s now, 52, so she gains 8/sh here. +8
-4  for put option. -4*100=-400
the question should clarify that she sold her long position today too.

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上一主题:Reading 31, EOC Q20
下一主题:Stark contrast in responding to questions - Greenspan vs Ber