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Lets think about an asset that is priced at 50. There exists two call options with K1 = 45 and K2 = 55 and two
Lets think about an asset that is priced at 50. There exists two call options with K1 = 45 and K2 = 55 and two put options with K1 = 45 and K2 = 55 on this asset. Form a butterfly spreads and draw its payoff diagram.
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