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Problem 23-04 Put and Call Payoffs [LO4] Suppose a financial manager buys call options on 29,000 barrels of oil with an exercise price of $122

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Problem 23-04 Put and Call Payoffs [LO4] Suppose a financial manager buys call options on 29,000 barrels of oil with an exercise price of $122 per barrel. She simultaneously sells a put option on 29,000 barrels of oi with the same exercise price of $122 per barrel. What are her payoffs per barrel if oil prices are $104, $117, $122, $127, and $140? (Leave no cells blank-be certain to enter o" wherever required. A negative answer should be indicated by a minus sign.) 10 points 01:10:28 104 $ 122 S 127 S Market price Payoffs per barrel 140 References

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