16 ounces are in a pound.
The answer is sometimes true
It is (positive) five. divide -1.25 by -0.25.
Answer:
Rate will be $10.68/-
Step-by-step explanation:
For 38 pieces we have price $406
For 1 piece= 406/38 = 10.68
The rate will be $10.68/-
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:
brainly.com/question/20165321
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