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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

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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

$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.

Q QTranscribed image text

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