Call options on a stock are available with strike prices of $15, $17, and $20, and expiration
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Call options on a stock are available with strike prices of $15, $17, and $20, and expiration dates in 3 months. Their prices are $4, $2, and $4, respectively. Explain how the options can be used to create a butterfly spread. Construct a table showing how profit varies with stock price for the butterfly spread.
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