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You purchase one Microsoft June 70 put contract (i.e., K=70) for a premium of $.24....

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Finance

You purchase one Microsoft June 70 put contract (i.e., K=70) for a premium of $.24. What is your maximum possible profit?

Potential Profit:

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You purchase one Microsoft June 70 put contract (i.e., K=70 ) for a premium of $.24. What is your maximum possible profit

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