Question: Assume S0 = $55, the exercise price K = $45, call-option premium = $10, and put-option premium = $2. Draw the corresponding expiration payoff diagrams

Assume S0 = $55, the exercise price K = $45, call-option premium = $10, and put-option premium = $2. Draw the corresponding expiration payoff diagrams for long-call, short-call, long-put, and short-put option positions.

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