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a) Suppose an investor purchases one option with X=$40 and one with X=$50, but sells two options with X=$45. Assuming no transaction costs, in what

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a) Suppose an investor purchases one option with X=$40 and one with X=$50, but sells two options with X=$45. Assuming no transaction costs, in what range of asset prices does the investor make a positive net profit? b) Based on the above strategy, what is the investor's maximum potential dollar profit and maximum potential dollar loss

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