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1. Three different call options on Exxon stock have identical expirations and respective strike prices of 87, 89, and 93. Those strikes match the gasoline

  1. 1. Three different call options on Exxon stock have identical expirations and respective strike prices of 87, 89, and 93.  Those strikes match the gasoline octanes at my local Exxon station!  Create a butterfly spread.  Graph the payoff.

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