[Solved] 2. Draw the payoff picture at expiration

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2. Draw the payoff picture at expiration for a long position in a call option that has a premium of $2.25 and a strike price

2. Draw the payoff picture at expiration for a long position in a call option that has a premium of $2.25 and a strike price of $40.

3. Draw the payoff picture for a short position in the call option given in Problem 2.

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