Question
Let 0 < K 1 < K 2 . Graph the payoff against S T for an investor who: a) holds one call with strike
Let 0 < K1 < K2. Graph the payoff against ST for an investor who:
a) holds one call with strike K1 and writes one put with strike price K2.
b) holds one put with strike price K1 and writes one call with strike price K2.
Assume that the options are European and have the same underlying and maturity T.
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The Future For Investors
Authors: Jeremy Siegel
1st Edition
140008198X, 978-1400081981
