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9. Derivatives | Three CALL options on a stock have the same expiration date and strike prices of $50, $55, and $60. The market prices

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9. Derivatives | Three CALL options on a stock have the same expiration date and strike prices of $50, $55, and $60. The market prices are $3, $5, and $8, respectively. Explain how a butterfly spread can be created. Construct a table showing the profit from the strategy. What is the largest profit for this strategy at maturity

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