You are long two calls on the same share of stock with the same exercise date. The
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You are long two calls on the same share of stock with the same exercise date. The exercise price of the first call is $45 and the exercise price of the second call is $63.
In addition, you are short two otherwise identical calls, both with an exercise price of $56. Plot the value of this combination as a function of the stock price on the exercise date.
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Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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