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Problem 23-04 Put and Call Payoffs [LO4] 10 Suppose a financial manager buys call options on 24,000 barrels of oil with an exercise price of

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Problem 23-04 Put and Call Payoffs [LO4] 10 Suppose a financial manager buys call options on 24,000 barrels of oil with an exercise price of $119 per barrel. She simultaneously sells a put option on 24,000 barrels of oil with the same exercise price of $119 per barrel. What are her payoffs per barrel if oil prices are $103, $108, $119, $130, and $135? (Leave no cells blank - be certain to enter "o" wherever required. A negative answer should be indicated by a minus sign.) 10 points 01:20:18 103 $ 108 $ 130 $ 135 Market price Payoffs per barrel 119 $ References

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