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[4 points] Tyler purchased a 3 month call option with a strike of $60. In addition, Tyler went long on a put with a strike

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[4 points] Tyler purchased a 3 month call option with a strike of $60. In addition, Tyler went long on a put with a strike of $52.50 and an expiration of one-year. Assume the call option cost was $0.90 and the put option cost was $2.25. (a) What type of options strategy did Tyler construct? (b) Develop a general payoff schedule for the options strategy. (c) What would be his profit if the stock price is ultimately $48 (include the cost of the options)? (d) What would be his profit if the stock price is ultimately $54.75 (include the cost of the options)? (e) What would be his profit if the stock price is ultimately $66 (include the cost of the options)

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