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(Options algebra, the position is a butterfly apread but that is not relevant. The question is can you apply your skill in options algebra.) Consider

(Options algebra, the position is a butterfly apread but that is not relevant. The question is can you apply your skill in options algebra.) Consider an option strategy where an investor buys one call option with an execise prise of $55 for $7, sells two call ooptions with an exercise price of $60 for $4, and buys one call option with an exercise price of $65 for $2. If the stock price declines to $25, what will be the profit or loss on the strategy?

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