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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 42

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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)     -Refer to Exhibit 16.8. If you establish a long straddle using the options with a 95 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16? A)  $668.75 gain B)  $668.75 loss C)  $94.56 gain D)  $94.56 loss E)  $81.25 loss
-Refer to Exhibit 16.8. If you establish a long straddle using the options with a 95 exercise price, what is your dollar gain or loss if at expiration XYZ is still trading at 101 11/16?

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