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3. Amy buys 2 puts and one call on XYZ. Both put and call have strike price $85. The total premium for two puts is
3. Amy buys 2 puts and one call on XYZ. Both put and call have strike price $85. The total premium for two puts is $300, the premium for the call is $100. Draw the payoff and profit graph for Amy's position in one chart. (10) Hint: 1. Draw the payoff graph for two puts, and one call separately, then combine them. 2. Clearly show the strike price, break-even points, and other necessary parts to get credits)
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