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Please explain each step clearly, thanks. Exercise 3.7 Suppose the share price of Amazon (AMZN) is $1200. Consider two call options on AMZN with the

Please explain each step clearly, thanks. Exercise 3.7 Suppose the share price of Amazon (AMZN) is $1200. Consider two call options on AMZN with the same expiration, one with strike $1250 and one with...

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