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Recall the Iron Condor strategy. Suppose the following stock and strike prices of puts and calls with identica maturity on the same stock: K1=40,

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Recall the Iron Condor strategy. Suppose the following stock and strike prices of puts and calls with identica maturity on the same stock: K1=40, K2=45, S = 50, K3=55, and K4 =60. The option premiums are: P(K1) 2, P(K2)=3, C(K3) = 5, and C(K4) = 4. (a) At what levels of Stock price relative the strike prices the payoff at expiration T to the Condor strategy equals zero? Why? (b) At what levels of stock price relative the strike prices the profit at expiration T of the Condor strategy is positive? Why? 15 points

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