5) (4 pts) Alan just bought 100 shares of Global, Inc. (GLO) at $48 per...
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5) (4 pts) Alan just bought 100 shares of Global, Inc. (GLO) at $48 per share and as protection he also bought a three-month put with a $45 strike price at a cost of $250. IF GLO stock unexpectedly declines to $33 calculate the total profit or loss and explain how the hedge has provided protection for Alan's position in GLO. Ignore transaction costs. Total profit or Loss =- Explain how hedge provided protection
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