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A stock price is currently $ 2 3 . A reverse ( i . e . short ) butterfly spread is created from put options
A stock price is currently $ A reverse ie short butterfly spread is created
from put options with strike prices of $ $ and $ The costs of the puts
are $ for $ put, $ for $ put, and $ for $ put. Use graphs to illustrate
the profit pattern of this spread. What are the maximum gains and maximum
losses from the spread?
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