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Draw a payoff diagram of a portfolio consisting of a long call with strike price K and a short call with strike price K >

Draw a payoff diagram of a portfolio consisting of a long call with strike price K and a short call with strike price K > K (both written on the same underlying stock). Is the cost of the portfolio positive, negative, or zero? Explain. Draw a diagram showing the profit of the portfolio as a function of the underlying stock.

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