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What the initial cost to set up the strategy is

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A trader creates a spread by selling a 6-month put option with a $17.00 strike price for $1.35 and buying a 6-month put option with a $20.00 strike price for $2.60.

Problem 1: The initial cost to set up the strategy is

Problem 2: The breakeven share price for the strategy is

Reference no: EM132631244

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