Question 1 32 pts A stock is currently trading at a price of $114. You construct a butterfly spread using calls of three different strike prices on the stock, with the calls expiring at the same time. You go long one call with an exercise price of $110 and selling at $8, go short two calls with an exercise price of $115 and selling at $5, and go long one call with an exercise price of $120 and selling at $3. A. Determine the profit at expiration from your strategy when the price of the stock at expiration is: 1. $106 II. $110 III. $115 IV. $120 V. $123 B. Determine the following: 1. The maximum possible loss on the position at expiration. II. The maximum profit on the position at expiration. Edit View Insert Format Tools Table