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Apple Inc. (ticker: AAPL) has a market capitalization of $2.39 trillion and its stock is currently trading at $150. Consider a portfolio of AAPL stock
Apple Inc. (ticker: AAPL) has a market capitalization of $2.39 trillion and its stock is currently trading at $150. Consider a portfolio of AAPL stock options that consists of the following components, all with one year until expiration: - Long 1 call option with a strike price of of $100 - Short 1 put option with a strike price of of $100 - Short 1 call option with a strike price of of $200 - Long 1 put option with a strike price of of $200 Assuming there is no arbitrage in the market and the risk-free annual interest rate is 1%, what must be the value of this options portfolio today? Please express your numerical answer in dollars, rounded to the nearest integer dollar. 99 (with margin: 0)
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