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Question: You are long two calls on the same share of stock with the same exercise date. The exercise price of the first call is
Question:
You are long two calls on the same share of stock with the same exercise date. The exercise price of the first call is
$37
and the exercise price of the second call is
$57.
In addition, you are short two otherwise identical calls, both with an exercise price of
$51.
Plot the value of this combination as a function of the stock price on the exercise date.
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