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Problem 6. A portfolio contains a long position in a call option with strike price $50, a short position in a call option with strike
Problem 6. A portfolio contains a long position in a call option with strike price $50, a short position in a call option with strike price $45, a long position in a call option with strike price $35, a short position in a call option with strike price S30. All the options are on the same stock and have the same expiration time. Find a formula for the value of the portfolio, V (S, t). Construct the pay-off function
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