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Question 36. (a)When is it appropriate for an investor to purchase a butterfly spread? (2 points) (b)What is the difference between a strangle and

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Question 36. (a)When is it appropriate for an investor to purchase a butterfly spread? (2 points) (b)What is the difference between a strangle and a straddle? (2 points) (c) How can a forward contract on a stock with a particular delivery price and delivery date be created from options? (2 points)

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