A strategy consists of buying a market index product at


A strategy consists of buying a market index product at 2010 and longing a put on the index with a strike of 2000. If the put premium is $18.00 and interest rates are 0.25% per month, what is the profit or loss at expiration (in 6 months) on the combined position if the market index is 1672?

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Financial Management: A strategy consists of buying a market index product at
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