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A call option with a strike price of $50 costs $2. A put option with a strike price of $45 costs $3. Explain how will

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A call option with a strike price of $50 costs $2. A put option with a strike price of $45 costs $3. Explain how will be the patterns of payoffs and profits from buying these two options. Fill the table below. Stock Price, ST Call: K1=50, e-2 Put: K2-45, p=3, Exercise(Y/N) & Payoff Exercise(Y/N) & Payoff Total Payoff Total Profit ST50 First, decide whether the option is exercised or not. Second, find the payoff according to the decision of the exercise. Then, find the total payoff for the position of buying two options by adding the payoffs of each individual payoff of the options. Finally, find the profit by subtracting the prices of these options

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