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A trader creates a long butterfly spread from options with strike prices $40, $50, and $60 by trading a total of 200 options. The options
A trader creates a long butterfly spread from options with strike prices $40, $50, and $60 by trading a total of 200 options. The options are worth $10, $7, and $6. The range of stock prices that the butterfly spread leads to a gain is between $__________ and $__________. (*Assume that interest rates are zero.)?
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