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You have a long call and a long put at exercise prices of $40. Also, you have a short call and a shot put at

You have a long call and a long put at exercise prices of $40. Also, you have a short call and a shot put at the exercise price of $45. If all options are properly priced, what is the cost of this combined position?

Can be positive, zero, or negative

Zero

Positive

Negative

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