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:
The height of deepness of submarine is 424.1 feet
Step-by-step explanation:
Given as :
The angle at which submarine drives of the surface of water = Ф = 13°
The speed at which submarine travel = s = 760 feet per minute
Let The height of deepness of submarine = h feet
The time taken to reach that deepness = t = 5 minutes
<u>According to question</u>
The height of deepness of submarine = 
i.e h × cos(90 - Ф) = 
Or, h × Sin(Ф) = 
Or, h × Sin(13°) = 95 feet
Or, h × 0.224 = 95 feet
∴ h = 
i.e h = 424.10 feet
So, The height of deepness of submarine = h = 424.10 feet
Hence, The height of deepness of submarine is 424.1 feet Answer
Answer: the slope is 2/8
Step-by-step explanation:
(6 - 4)/(6 - (-2)) = 2/8