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You buy one SPX call option with a strike price of 2,714 and write one SPX put option with a strike of 2,925. Both options

You buy one SPX call option with a strike price of 2,714 and write one SPX put option with a strike of 2,925. Both options have the same maturity date.

Part 1

What is your payoff if the S&P 500 stands at 2,832 on the expiration date of the options?

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