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An investor purchases a call option with an exercise price of $55 for $2.60. The same investor sells a call on the same security with
An investor purchases a call option with an exercise price of $55 for $2.60. The same investor sells a call on the same security with an exercise price of $60 for $1.40. Please draw the payoff line for this investor at expiration, which is depended on every possible spot price.
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