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Exercise 3 You are long two calls on the same share of ABC shares with the same exercise date. The exercise price of the first

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Exercise 3 You are long two calls on the same share of ABC shares with the same exercise date. The exercise price of the first call is 40 USD (premium 5 USD) and the exercise price of the second call is 60 USD (premium 3 USD). addition, you are short two otherwise identical cals both with an exercise price of 50 USD (premium4 USD) Plot the value of this combination as a function of the stock price on the exercise date. What is the maximum profit at expiry on your spread position? Exercise 3 You are long two calls on the same share of ABC shares with the same exercise date. The exercise price of the first call is 40 USD (premium 5 USD) and the exercise price of the second call is 60 USD (premium 3 USD). addition, you are short two otherwise identical cals both with an exercise price of 50 USD (premium4 USD) Plot the value of this combination as a function of the stock price on the exercise date. What is the maximum profit at expiry on your spread position

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