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An investor purchases a stock for $60 and a one-year put for $0.90 with a strike price of $50. He also sells a one-year call

An investor purchases a stock for $60 and a one-year put for $0.90 with a strike price of $50. He also sells a one-year call for $1.05 with a strike price of $70.

What is the total cost of acquiring this position?

What is the maximum payoff for this position?

What is the maximum profit for this position?

What is the minimum payoff for this position?

What is the minimum profit for this position?

Draw the payoff and profit graphs together with payoff table for this position

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