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EXERCISE #2: Draw a payoff and profit diagram for a long straddle: we are buying a 50 put for 6 and a 50 call for
EXERCISE #2: Draw a payoff and profit diagram for a long straddle: we are buying a 50 put for 6 and a 50 call for 4. x axis has stock prices (35,40,45....) in intervals of 5 and y axis has dollar amounts
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