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Aggie Oil Co. purchases a long put with a strike price of $90/bbl and a short call with a strike price of $97/bbl. Both options

Aggie Oil Co. purchases a long put with a strike price of $90/bbl and a short call with a strike price of $97/bbl. Both options have an option fee of $0.05/bbl. The company has 5 contracts for both derivatives at 1,000 bbl each. Determine the cash to be paid by Aggie Oil, indicated by parenthesis (), or the cash to be receive by Aggie Oil for the three price scenarios below.

Assume at settlement the market price is:

$100

$95

$85

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