Answer:
$16.55
Explanation:
To get the answer to this question we will first write out the existing data.
Strike price = $98
The call premium = $7.90
The put premium = $8.65
You are required to find the most you can lose on this position.
To get this you add up the call premium of $7.90 and the put premium of $8.65.
= 8.65 + 7.90
= $16.55
This is the most or maximum you can lose on the position.
