You are the VP of Finance for the wine company SIPP. Your company wants to reduce the volatility of its cash flows by making its cash flows less sensitive to changes in grape prices. It will do so by buying a call option on a grape ETF with a strike price of $50 and buying a put option on a grape ETF with a strike price of $50. Both options are American and expire in one year. Suppose that you sell both options and decide to purchase a put option with a strike price of $40 and a call option with a strike price of $60. All the options are American with the same maturity date as the original portfolio. What is the expected cost of this new option strategy relative to your original option strategy? Higher Equal Lower