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1. Draw the profit diagram for the following spread (called iron butterfly): buy one E = 30 put for $0.75, buy one E = 50

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1. Draw the profit diagram for the following spread (called "iron butterfly"): buy one E = 30 put for $0.75, buy one E = 50 call for $0.65, write one E = 40 put for $3.12, write one E = 40 call for $2.88. In what region of prices Sy will you make a profit? You may use 2 pages for your

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