Question: A long box spread is constructed by simultaneously buying a call at K1, selling a call at K2, buying a put at K2, and selling

A long box spread is constructed by simultaneously buying a call at K1, selling a call at K2, buying a put at K2, and selling a put at K1. All of the options are on the same stock and have the same expiration date. A stock has call options with strike prices of $55 and $60 selling for $9.30 and $6.90, respectively. Put options with the same strike prices sell for $5.50 and $7.50, respectively. Draw a graph showing the payoff and profit for a box spread using these options.

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