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:
78,000
Explanation:
8,000 is in the thousands place, the 4 in the hundreds place is too low to round it up to 9,000, so it gets rounded down to 78,000.
Absolute value of -2 is 2
absolute value of -3 is 3
so now the equation is 4 x 2 - 3
do 4 x 2 first = 8
now do 8 - 3 = 5
Answer:
the second choice. and its shorter by 17 miles
Step-by-step explanation:
