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5. (1.5 pointsAssume Jacob sold two European call option contracts on Bank of America (BAC) with a strike price of $48 on March 29th. At

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5. (1.5 pointsAssume Jacob sold two European call option contracts on Bank of America (BAC) with a strike price of $48 on March 29th. At the same time, Jacob bought 200 shares of BAC for $43.18 per share. The options expire on May 6th, 2022 and cost $0.28. (a) What type of strategy has been created? (b) Develop a schedule of payoffs for the strategy

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