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A stock is selling for $83 per share. One-month European calls and puts on the stock with the strike price of $80 are selling for

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A stock is selling for $83 per share. One-month European calls and puts on the stock with the strike price of $80 are selling for $6 and $3, respectively. Kevin creates a straddle by buying 100 calls and 100 puts. What is his net profit if the stock price is $85 one month later? O Aloss of $600 O Again of $400 O A loss of $400 O Aloss of $900

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