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2. Consider an asset with a current spot price of $50. You sell a one year 10% out of the money call on the asset

2. Consider an asset with a current spot price of $50. You sell a one year 10% out of the money call on the asset with a premium of $3. You also buy a one year buy a 10% out of the money put on the asset with a premium of $4. Draw the payoff diagram for this structure (the call combined with the put). At what prices will you breakeven after accounting for the premium?

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