$46$

Multiple Choice

$1\mathrm{.}5$ points

You own a stock portfolio worth $$50,000.$ You are worried that stock prices may take a dip before you are ready to sell, so you are considering purchasing either at$-$the$-$money or out$-$of$-$the$-$money puts. If you decide to purchase the out$-$of$-$the$-$money puts, your maximum loss is money puts and your maximum gain is than if you buy at$-$the$-$

greater: greater

lower; greater

greater; lower

lower: lower

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