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Suppose you enter the following two-option strategy: - Buying (i.e., longing) one IBX August $50 call option contract quoted at $5 and also - Writing

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Suppose you enter the following two-option strategy: - Buying (i.e., longing) one IBX August $50 call option contract quoted at $5 and also - Writing (i.e., selling) one IBX August $50 put option contract quoted at $4, where $50 is the strike price for both options. The two options have the same expiration date. If the IBX stock price is $60 at expiration, what is your total payoff from the above strategy? What is your profit (loss)? Total payoff =$20, Total profit =$9 Total payoff =$20. Total profit =$1 Total payoff =$30, Total profit =$21 Total payoff =$10, Total profit =$1 Total payoff =$10. Total profit =$9

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