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Today's price of AAPL is $200 per share. You are interested in a straddle on AAPL with one year until maturity. You ask an option

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Today's price of AAPL is $200 per share. You are interested in a straddle on AAPL with one year until maturity. You ask an option dealer to provide quotes on AAPL options with one year until maturity. For a European call option with a strike of $200, the dealer quotes you a price of $19.90. For a European put option with a strike of $200, the dealer quotes you a price of $19.90. The c.c. risk-free interest rate is zero. If the price of AAPL in one year is $188 per share, what is the economic profits of your long straddle? Round your answer to three decimal places

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