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Raoul purchased both a call and a put on 1 2 5 , 0 0 0 bushels of soybeans. Both options have a strike price

Raoul purchased both a call and a put on 125,000 bushels of soybeans. Both options have a strike price of $5.10 and a common expiration date. Soybean contracts are based on 5,000 bushels. The price of soybeans on the expiration date is $5.30. Ignore the costs of the options and all transaction costs. What is Raoul's profit or loss on these two option contracts?
Multiple Choice
$0
$25,000
-$25,000
-$12,500
$12,500

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