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You establish a straddle position on ABC Inc's stock by buying a three-month call option and a three-month put option. Both options have an exercise

You establish a straddle position on ABC Inc's stock by buying a three-month call option and a three-month put option. Both options have an exercise price of $50. ABC's current stock price is $52 per share. The call option premium is $6 and the put option premium is $4. Compute the straddle's profit on the expiration date if ABC's stock price on expiration date is $30.

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