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A trader creates a long butterfly spread from options with strike prices $62,$70, and $78 by trading a total of 600 options. The options are

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A trader creates a long butterfly spread from options with strike prices $62,$70, and $78 by trading a total of 600 options. The options are worth $10,$14, and $20. What is the maximum net loss (after the cost of the options is taken into account)? A. $100 B. $200 C. $300 D. $400

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