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Straddle: An investor buys an XYZ May 60 call for a premium of $3 and an XYZ May 60 put for a premium of $2.

Straddle: An investor buys an XYZ May 60 call for a premium of $3 and an XYZ May 60 put for a premium of $2. What is the investor's gain if the stock rises to 72 at expiration? a. 300 b. 700 c. 400 d. 500 0.600

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