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A Planned Future Purchase of Swans Shares Is Hedged by a Long

Question 63

Multiple Choice

A planned future purchase of Swans shares is hedged by a long $20 call purchased for $1.10.This has established:


A) a minimum buying price of $20 per share
B) a minimum buying price of $21.10 per share
C) an effective per share of $20
D) a price cap of $20 per share
E) a price cap of $21.10 per share

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