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Consider a call and a put on the same underlying stock. The call has an exercise price of $ 1 2 0 and costs $

Consider a call and a put on the same underlying stock. The call has an exercise
price of $120 and costs $10. The put has an exercise price of $105 and costs
$2. Graph a long position in a strangle based on these two options. What is
the best outcome from buying the strangle? At what stock price of prices does
the strangle have a zero profit?

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