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Please show formulas used in excel for final calculations PROBLEM 6. [10 points] What is the price of a butterfly spread created using European put

image text in transcribedPlease show formulas used in excel for final calculations

PROBLEM 6. [10 points] What is the price of a butterfly spread created using European put options on a non-dividend-paying stock when the stock price is $69, the strike prices are $72, $80, $85, the risk free interest rate is 5% per annum, the volatility is 35% per annum, and the time to maturity is three months? Use Excel for the calculation. Derive an explicit formula for the payoff function. Draw the graph of the payoff function

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