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Please answer using excel and show all the steps Question 28: An option strategy consists of the following elements: o Short selling IBM, the IBM

Please answer using excel and show all the steps
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Question 28: An option strategy consists of the following elements: o Short selling IBM, the IBM current spot price is $104 o short put on IBM with a strike price of $100 and a premium of $5. long put on IBM with a strike price of $80 and a premium of $9 o long call on IBM with a strike price of $108 and a premium of $3 o All options are on the same underlying asset and are European options All options have the same maturity Find the net profit of this strategy if the spot price at maturity is $110.

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