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A trader creates a long butterfly spread from call options with strike prices $60,$65, and $70 by trading a total of 400 options. The call

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A trader creates a long butterfly spread from call options with strike prices $60,$65, and $70 by trading a total of 400 options. The call options are worth $11,$14, and $18. What is the maximum net gain (after the cost of the options is taken into account)? Select one alternative: $200 $300 $100 $400

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