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Consider a straddle position where the investor purchases the 3-month call and put options with strike prices of $50. Here are options prices: C(X=$50)=$5.26, and

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Consider a straddle position where the investor purchases the 3-month call and put options with strike prices of $50. Here are options prices: C(X=$50)=$5.26, and P(X=$50)=$4.64. What is the minimum profit? Please round the number solution to 2 decimal places. Your answer: $

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