Minimum payoff of portfolio

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You purchased one call and one put option on the same underlaying stock. The strike price of the call option is 195 and the strike price of the put option is 205

a) What is minimum payoff of your portfolio on the expiration date?

b) Which prices of underlaying stock on the experiation date yield this minimum payoff?

c) What is the minimum total amount we must have paid in premium for this portfolio?

Reference no: EM132753249

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