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Call options on a stock currently trading at $35 a share are available with strike prices of $30, $35, and $40 and expiration dates in
Call options on a stock currently trading at $35 a share are available with strike prices of $30, $35, and $40 and expiration dates in three months. Their prices are $10, $6, and $3, respectively. Create a long butterfly spread and construct a table showing payoff at expiration for each option. Possible stock prices at expiration are $30, $35, $40, $45, and $70.
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