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14 Suppose a financial manager buys call options on 52,000 barrels of oil with an exercise price of $87 per barrel. She simultaneously sells a

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Suppose a financial manager buys call options on 52,000 barrels of oil with an exercise price of $87 per barrel. She simultaneously sells a put option on 52,000 barrels of oil with the same exercise price of $87 per barrel. Consider her gains and losses of oil prices are $77, $74, $82, $87, and $90. What if oil futures prices are $93.26 per barrel at expiration? (Do not leave any empty spaces; input a O wherever it is required. Negative answers should be indicated by a minus sign. Omit $ sign in your response.) $77 $74 $82 $87 $90 $93.26 Market price Payoffs per barrel $ $ $

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