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Instructions: please show all work and calculations. Construct the payoff and profit diagram for a long position in the 120 April puts. Construct the payoff

Instructions: please show all work and calculations. image text in transcribed
Construct the payoff and profit diagram for a long position in the 120 April puts. Construct the payoff and profit diagram for a short position in the 130 April calls. Construct the payoff and profit diagram for a long position in the 120 April puts. Construct the payoff and profit diagram for a short position in the 130 April calls

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