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2 . The 90 - 100 - , and 1 10 - strike calls are trading at $12 85 , $3 , respectively . The

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2 . The 90 - 100 - , and 1 10 - strike calls are trading at $12 85 , $3 , respectively . The stock price is at $100 What is the maximum net payoff on a long butterfly spread using these options ? ( a ) - 85 ( 6 ) 50 ( C ) $5 ( d ) $10

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