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You simultaneously write a covered put and buy a protective call, both with strike prices of $110, on stock that you have shorted at $110.

You simultaneously write a covered put and buy a protective call, both with strike prices of $110, on stock that you have shorted at $110. What are the expiration date payoffs to this position for stock prices of $100, $105, $110, $115, and $120? (Negative amounts should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) PLEASE USE THE CHART BELOW AND EXPLAIN YOUR CALCULATIONS Stock Price Short Profit Covered Put Payoff Protective Call Payoff Total Payoff $100 $105 $110 $115 $120

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