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A call with a strike price of $60 costs $6. A put with the same strike price and expiration date costs $4. A trader creates

A call with a strike price of $60 costs $6. A put with the same strike price and expiration date costs $4. A trader creates a straddle by buying a call option and a put option, and holds it until maturity. For which of the following ranges of the stock price at maturity, the profit of the strategy is positive?

A. $50 ST $70

B. $54 ST $64

C. ST $50 and ST $70

D. ST $54 and ST $64

E. ST $56 and ST $66

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