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Kyle sold a one-month European $25 call and a one-month European $25 put on Janssen stock. The call price per share is $.70 and the

Kyle sold a one-month European $25 call and a one-month European $25 put on Janssen stock. The call price per share is $.70 and the put price per share is $1.80. What will be the net profit on these option positions if the stock price is $23 on the day the options expire? Ignore trading costs and taxes.


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