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

A trader creates a long put butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 400 options. The options are worth $10.26, $12.62, and $17.83. What is the maximum net loss (after the cost of the options is taken into account)? Note: Insert negative "-" sign for loss.

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