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14. Consider the payoff at maturity of a strategy built using options: a) Which options do you need to buy/write today to obtain the above

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14. Consider the payoff at maturity of a strategy built using options: a) Which options do you need to buy/write today to obtain the above payoff at maturity? b) What is this strategy betting on? c) Do you expect an increase in volatility benefit this strategy or not? Explain

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