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VERY URGENT! An upvote is promised. Thank you!! butterfly spread , put option question. (b) ) Three 3-month European put options with strike prices of

VERY URGENT! An upvote is promised. Thank you!! butterfly spread , put option question.

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(b) ) Three 3-month European put options with strike prices of $40, $60, and $80 cost $2, $4, and $7, respectively. (i) What is the maximum gain when a butterfly spread is created from the put options? (ii) What is the maximum loss when a butterfly spread is created from the put options? (iii) For what two values of St does the holder of the butterfly spread breakeven with a profit of zero, where Sy is the final stock price in three months

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