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1. You decide to buy a call option with a strike price of 160 and a put option with a strike price of 150. Both

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1. You decide to buy a call option with a strike price of 160 and a put option with a strike price of 150. Both options have the same maturity. The call costs S1.30 and the put costs S4.80. What will be your gain or loss at expiration if the stock price is $157? Is $140? Is $175? Over what range do you lose money? to

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