Explain the difference between a put and a call. Draw a diagram showing the payoffs of puts

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Explain the difference between a put and a call. Draw a diagram showing the payoffs of puts and calls at expiration. Draw it from the prospective of both the option buyer and the option seller.

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Financial Institutions, Markets and Money

ISBN: 978-1119330363

12th edition

Authors: David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias

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