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Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The option prices are $2, $6,

Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The option prices are $2, $6, and $9, respectively. How should an arbitrager take advantage of the arbitrage opportunity if it exists? (Hint: Butterflyspread.)

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