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Consider the following investment strategy involving put options on a stock with the same expiration date. i) Buy one 25-strike put ii) Sell two 30-strike

image text in transcribed Consider the following investment strategy involving put options on a stock with the same expiration date. i) Buy one 25-strike put ii) Sell two 30-strike puts iii) Buy one 35-strike put Calculate the payoffs of this strategy assuming stock prices (i.e., at the time the put options expire) of 27 and 37, respectively. Possible Answers -2 and 2 0 and 0 2 and 0 2 and 2 14 and 0

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