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You buy one IBM July 90 call contract for a premium of $4 each share and one put contract for a premium of $4each share.

You buy one IBM July 90 call contract for a premium of $4 each share and one put contract for a premium of $4each share. You hold the position until the expiration date when IBM stock sells for $96 per share. What is your total profit or loss? Each contract has 100 shares

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