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You buy a put on Clifford Inc. with an exercise price of $31.92 and a premium of $5.17. You buy a call on Clifford Inc.

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You buy a put on Clifford Inc. with an exercise price of $31.92 and a premium of $5.17. You buy a call on Clifford Inc. with an exercise price also at $31.92 and a premium of $1.56. Calculate the profit or loss on both positions simultaneously if just prior to option expiration Clifford Inc.'s stock price is $21.10

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