Shares of Anheuser Busch InBev (BUD) are trading at $101.95, the following Calls and Puts when you take the exam will have four months left till expiration. BUD trades on the Mar, June, Sep, Dec cycle expiration months. The four-month LIBOR is 0.32%. Strike Price 100 105 110 Call Prices 7.10 4.55 2.75 Put prices 4.95 7.50 10.80 Draw the profit diagram for a butterfly spread using Call Options (Long the calls with extreme strike prices i.e. $100 and $110) Price Expectation Volatility Expectation Risk Posture Stock Price Cash Inflow Cash Outflow Profit 0 95 100 105 110 120