Question: Required: You purchase three Microsoft December $140 put contracts for a premium of $5.30. What is your maximum possible profit? Assume each contract is

Required: You purchase three Microsoft December $140 put contracts for a premium

Required: You purchase three Microsoft December $140 put contracts for a premium of $5.30. What is your maximum possible profit? Assume each contract is for 100 shares. Answer is complete but not entirely correct. Maximum possible profit $ 13,470 x

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