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show work please 1. 2. - Use the following information - Call option premium =$0.03/ - Put option premium =$0.02/ - Call strike price =$1.20/

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1. 2. - Use the following information - Call option premium =$0.03/ - Put option premium =$0.02/ - Call strike price =$1.20/ - Put strike price =$1.10/ You are selling both call and put options. What are break-even points (for strangle)? X Given Answer: c. CorrectAnswer:$1.20/and$1.10/6$a.$1.05/and$1.25/

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