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8.) Consider a portfolio consisting of one put option with strike price Kthat expires at time T and one written call option with strike price

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8.) Consider a portfolio consisting of one put option with strike price Kthat expires at time T and one written call option with strike price K that expires at time T. The put option has a premium P, and the call option has a premium C. (a) Write down the payoffs of this portfolio at time T (b) Write down the profits of this portfolio at time T (c) Plot the payoffs and profits of this portfolio at expiration

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