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You have the following data on call prices covering the same asset with the same expiration date. Strike Price $40 $45 $50 Call Option Price

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You have the following data on call prices covering the same asset with the same expiration date. Strike Price $40 $45 $50 Call Option Price $10.50 $6.50 $3.00 a) Suppose an investor purchases one option with X = $40 and one with X = $50, but sells two options with X = $45. Assuming no transaction costs, in what range of asset prices does the investor make a positive net profit? b) Based on the above strategy, what is the investor's maximum potential dollar profit and maximum potential dollar loss

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