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You have purchased one call and one put option on the same underlying stock. The strike price of the call option is 195 SEK and

You have purchased one call and one put option on the same underlying stock. The strike price of the call option is 195 SEK and the strike price of the put option is 205 SEK.

  

a)What is the minimum payoff of your portfolio on the expiration date?

 

b)Which prices of the underlying stock on the expiration date yield this minimum payoff? c)What is the minimum total amount we must have paid in premiums for this portfolio?

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