Question: Incorrect Question 15 0 / 1 pts You buy two put options on bond X. The strike price of the first put is $100 and

 Incorrect Question 15 0 / 1 pts You buy two put

Incorrect Question 15 0 / 1 pts You buy two put options on bond X. The strike price of the first put is $100 and the strike price of the second put is $110. The first put's premium is $5 and the second put's premium is $2. Both options can be exercised only on their expiration date, which happens to be the same for both puts. If the price of bond X is $90 on the expiration date, what is your total payoff and then total profit from the options portfolio? 8

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