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Suppose that the price of a non-dividend-paying stock is $42, its volatility is 25%, and the risk-free rate for all maturities is 6% per annum.

Suppose that the price of a non-dividend-paying stock is $42, its volatility is 25%, and the risk-free rate for all maturities is 6% per annum. Provide a table showing the relationship between profit and final stock price for a butterfly spread using European put options with strike prices of $35, $40, and $45 and a maturity of one year. Ignore the impact of time value of money.

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