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Judy had three option positions which she held until the expiration date. The first position was 2 short puts in corn options, where the exercise

Judy had three option positions which she held until the expiration date. The first position was 2 short puts in corn options, where the exercise price was $9.0 and the option price when it was bought or sold by Judy was $0.3 per option. The market price of corn at expiration was $7.26. The second position was 5 short calls in wheat options, where the exercise price was $9.0 and the option price when it was bought or sold by Judy was $0.5 per option. The market price of wheat at expiration was $9.01. The third position was 3 long puts in soybean options, where the exercise price was $9.5 and the option price when it was bought or sold by Judy was $0.2 per option. The market price of soybeans at expiration was $8.98. Which of the following values is closest to Judy's combined profits from the three option positions?

a. $0.53

b. None of the other answers.

c. $2.13

d. $5.33

e. $3.73

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