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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the following information on put and call options for Citigroup Strike P Call Price S32.50 $2.85

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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the following information on put and call options for Citigroup Strike P Call Price S32.50 $2.85 $1.65 (i) Calculate the net value of a protective put position at a stock price at expiration of $20, and a stock price at expiration of $45. (ii) Calculate the dollar gain or loss of a short straddle at a stock price at expiration of $20 and a stock price at expiration of $45

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