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
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Answer:
Step-by-step explanation:
Slope Formula: 
Step 1: Find 2 points
(0, 2) y-int
(-4, 0) x-int
Step 2: Plug into slope formula to find slope <em>m</em>
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Answer:
13 months
Step-by-step explanation:
x is the number of months
first phone:
f(x) = 55x + 100
second phone:
g(x) = 51x + 150
now set up the inequality
g(x)<f(x)
51x + 150 < 55x + 100
Solve the inequality:
51x + 150 < 55x + 100
(get everything on the correct sides... combine the like terms)
51x - 55x < 100 - 150
-4x < -50
divide both sides by -4 (don't forget to flip the inequality sign when dividing by a negative number.)
x > 50/4
x > 12.5
round up to 13
The answer is 49/48. In decimal form, it is 1.02083. Hope it helps :).
