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Pay attention to the condition K1>k2, instead of K2>K1 2. (a) Describe the trading position created in which a call option is bought with strike

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Pay attention to the condition "K1>k2", instead of K2>K1

2. (a) Describe the trading position created in which a call option is bought with strike price Ki and a put option is sold with strike price K2 when both have the same time to maturity and Ki > K2. What does the position become when Ki = K2? (b)

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