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Give the correct answer with detailed explanation.. For a 12-month butterfly spread on a stock whose current price is RM100. You are given: The butterfly

Give the correct answer with detailed explanation..

For a 12-month butterfly spread on a stock whose current price is RM100. You are given: The butterfly spread can only be exercised at the end of 12 months. The payoff from the butterfly spread is as follows: Range of S (0.5) Payoff S(0.5)

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