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This is your current portfolio: long one call option with strike price of $45, short one put with exercise price of $40, and short two
This is your current portfolio: long one call option with strike price of $45, short one put with exercise price of $40, and short two calls with strike price of $60. All of the options are European and have the same maturity. At maturity, what is the payoff of your portfolio if the stock price is $35?
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