The maximum possible profit = $7068
For given question,
One Microsoft July $72 put contract for a premium of $1.32
The payoff arise from put option is max (K - S, 0) - P
Now it would be maximum at S = 0
And, the maximum payoff is
K - 0 - P
= K - P
= 72 - 1.32
= $70.68
We assume that for each and every contract the number of shares is 100
So, the maximum profit gained from this strategy is
= $70.68 × 100 shares
= $7068
The maximum profit that will be gained from this strategy is $7068
Therefore, the maximum possible profit = $7068
Learn more about the profit here:
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Javier rode his bike for a total of 40 minutes.
Let x be the minutes Javier ride after lunch
Let y be the minutes Javier ride before lunch
The number of minutes he rode after lunch is 4 times the number of minutes he rode before lunch
x = 4 y
The number of minutes he rode after lunch + number of minutes he rode before lunch = 40
x + y = 40
We know x= 4y
4y + y = 40
5y = 40
y = 8
x= 4y so x= 4(8) = 32
Javier ride 32 minutes after lunch
Answer:
Step-by-step explanation:
im stealing ur points london ily <33333
John's cube is 27 times the volume of Paula's cube due to the square cube law. Hope this helps.
-5i. is ur answer i think