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Draw the payoff graphs for a long XYZ call with strike price $98 and a long XYZ put with strike price S104 respectively. In addition,

Draw the payoff graphs for a long XYZ call with strike price $98 and a long XYZ put with strike price S104 respectively. In addition, draw the payoff graph for the combined position of a long XYZ call with strike price $98 and a long XYZ put with strike price $104. (Draw these three graphs separately and label them clearly with values of important points on the x- and y-axes.)

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