Y = -1
It is an isosceles trapezoid, which is just as well, otherwise it could not reflect onto itself. The line of reflection is the same as the mirror line which is the same as the axis of symmetry.
It runs horizontally exactly through the middle of the shape.
All horizontal lines have the equation y = a value
In this case the line is <span>y=−<span>1</span></span>
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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Answer:
She would need to complete 5.57 each noght to reach her goal of 100%.
Step-by-step explanation:
39/7 is equal to 5.57
