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You sell one Hewlett Packard August 50 call contract and sell one Hewlett Packard August 50 put contract. The call premium is $1.25 and the

You sell one Hewlett Packard August 50 call contract and sell one Hewlett Packard August 50 put contract. The call premium is $1.25 and the put premium is $4.50.

a. Your strategy will pay off only if the stock price in August is in the range between _______ and ________.

b. Your highest potential gain from the position is _____________.

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