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strike prices of $65 Three European put options on a stock have the same expiration date and $75, and $85. The market prices are $2,

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strike prices of $65 Three European put options on a stock have the same expiration date and $75, and $85. The market prices are $2, $5, and $9, respectively. a. Using these three options, create a long butterfly spread and construct a table sho the profit from the strategy at maturity as a function of the then stock price. For what range of stock prices would the butterfly spread lead to a gain? b. Using the $75 and $85 put options, create a bull spread and construct a table showing the profit from the strategy at maturity as a function of the then stock price. For what range of stock prices will the bull spread lead to a gain

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