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A long butterfly spread strategy by a trader in New York involves creation of a position in options withstrike prices $70, $75 and $80. The

A long butterfly spread strategy by a trader in New York involves creation of a position in options withstrike prices $70, $75 and $80. The trading is done with a total of 400 options. The price of the options is $10, $13and $17. Find the maximum gain for the trader net of the costs of the options.

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