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0.89 ...... -0.91 25 30 S Cz = 0.89 So = 27 X1 = 25 X2 = 30 This graph shows the ending payoffs of a long stock (bought at 27), a long 25 put, bought at .91, and a short 30 call, sold at .89. What is the most you can lose on this combination? $.91 loss $2.02 loss $.89 gain $2.98 gain