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An investor made the following trades. Bought a share of stock for $45 Bought a put option, X=45 for $4 Wrote a call option, X=50

An investor made the following trades.

  • Bought a share of stock for $45
  • Bought a put option, X=45 for $4
  • Wrote a call option, X=50 for $5

If the stock price is $60 at the expiration of the options, what is the total profit to the investor?

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