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The butterfly spread is constructed by buying one put option with the exercise price of $100, selling two put options with the exercise price of

image text in transcribed The butterfly spread is constructed by buying one put option with the exercise price of $100, selling two put options with the exercise price of $110 and buying one put option with the exercise price of $120. At what price of the underlying asset does this strategy achieve its maximum profit? $100 It is not possible to answer based on the information provided. $120 $105 $110

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