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Assume that a put and call on CBX stock both have a strike price X = $30. The call initially costs $1, and the put

Assume that a put and call on CBX stock both have a strike price X = $30. The call initially costs $1, and the put costs $2. Suppose the unit of trade is 1.

What is the profit on the call and put if the price of CBX stock at expiration (ST) is $27.50?

Please provide an explanation. Thank You.

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