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Unformatted text preview: 4. Collar Final portfolio value 55 S T Long a put Final payoff 490,000 550,000 stock S T Final payoff, b/c of zero cost, it’s also final portfolio value 55 550,000 650,000 Long a put Short a...
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This note was uploaded on 01/25/2010 for the course ECON 136 taught by Professor Szeidl during the Fall '08 term at Berkeley.
- Fall '08