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An investor has put together a portfolio of one long call and one short put written on the stock S, both with strikes X =

An investor has put together a portfolio of one long call and one short put written on the stock S, both with strikes X = 900 and maturity T. Please sketch the payoff from the portfolio on the below graph.

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69 $200 $100 $0 700 800 900 1000 1100 ST -$100 -$200

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