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Call options (with expiration in three months) on a stock are shown in the table below: Strike Price Option Price 4.1 15 17.5 1.9 20

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Call options (with expiration in three months) on a stock are shown in the table below: Strike Price Option Price 4.1 15 17.5 1.9 20 0.5 You use these options to construct a butterfly spread (_A_). What is the profit of the strategy if the stock price is 20.5 at expiration? (required precision: 0.01 +/- 0.01) You Answered 2.2 Correct Answer -0.8 margin of error +/-0.01

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