=+25. Today is 10 August and the spot price of an XYZ share is 5. Also, European
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=+25. Today is 10 August and the spot price of an XYZ share is £5. Also, European calls and puts on XYZ with strikes £3.5, £4, £4.5, £4.75, £5,
£5.25, £5.5 and with maturities in September, November this year and January next year are now sold on the market. The XYZ’s executive
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