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9. You buy a put option with an exercise price of $45 and a premium of $3. You also buy a call option with an
9. You buy a put option with an exercise price of $45 and a premium of $3. You also buy a call option with an exercise price of $35 and a premium of $4. If the price of the underlying stock is $40, your total payoff from this strategy is ____?
10. You buy a stock at a price of $20. You write a call option with an exercise price of $30 and a premium of $2. What is the breakeven point at which this strategy will generate a profit? (If there is no breakeven point, write 0)
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