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3. Consider the following options: You want to make a long strangle strategy with Options 1 and 2. The current stock price is $21.50.

3. Consider the following options: You want to make a long strangle strategy with Options 1 and 2. The current stock price is $21.50. (15 pts) Exercise Price Premium Call $25 $5.50 What is the strategy profit at the following stock price points? Stock Price Profit 12 19 22 27 33 Put $18 $3.20

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