Q4) How do you form a long butterfly strategy using calls? What is the payoff and Profit of this strategy. Present the result in a tabular format with the stock price at maturity divided into four regions a) ST K, b) K K3

Q4) How do you form a long butterfly strategy using calls? What is the payoif and Profit of this strategy. Present the result in a tabular format with the stock price at maturity divided into four regions a) ST K2, b) K1K3