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a) b) c) Butterfly Option Spread. For a given stock, you observe the following option prices. Use these options to create a long butterfly spread

a) b) c)
Butterfly Option Spread. For a given stock, you observe the following option prices. Use these options to create a long butterfly spread with a maximum payoff at an underlying stock price of $50 45 strike price call; premium $6 55 strike price call; premium-$1 What is your maximum possible profit? $1 $2 $3 $4

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