Question
If I buy a European put option with a strike price of $11, buy a European call option with a strike price of $8, and
If I buy a European put option with a strike price of $11, buy a European call option with a strike price of $8, and write (sell) a European call option with a strike price of $18 on the same underlying stock, where all option contracts have the same maturity, then at maturity the value/payoff of my portfolio of these three option contracts will be worth (Hint: it might be useful to make a payoff table/diagram.)
a. Group of answer choices
b. More than $ 11
c. Exactly $ 0
d. Cannot be determined given the available information
Between $ 3 and $ 15
Between $ 0 and $ 8
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