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5. Suppose you buy a put with strike price $3 and sell a put with strike price $1 on the same underlying and with identical

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5. Suppose you buy a put with strike price $3 and sell a put with strike price $1 on the same underlying and with identical maturities. Which of the below plots the payoff at maturity of this portfolio? 2 Payoff 2.5 2 15 1 0.5 LY CMU ST 5.5__7 1 2 -0.5 -1 a. solid line (intercept 1.0) b. dotted line (intercept -1.0) c. dashed line (intercept 2.6) d. None of the above

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