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Three put options on a stock have the same expiration date and strike prices of $33, $37, and $41. The market prices are $3, $5,
Three put options on a stock have the same expiration date and strike prices of $33, $37, and $41. The market prices are $3, $5, and $7.5, respectively. An investor created a butterfly spread using these put options. If the stock price is $38 at the end of the life of these options (at the end of the expiration date), calculate the profit for this strategy?
profit is ?
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