Question: 5 Problem 23-04 Put and Call Payoffs [LO4] Suppose a financial manager buys call options on 27,000 barrels of oil with an exercise price of

5 Problem 23-04 Put and Call Payoffs [LO4] Suppose a financial

5 Problem 23-04 Put and Call Payoffs [LO4] Suppose a financial manager buys call options on 27,000 barrels of oil with an exercise price of $75 per barrel. She simultaneously sells a put option on 27,000 barrels of oil with the same exercise price of $75 per barrel. What are her payoffs per barrel if oil prices are $68, $70, $75, $80, and $82? (Leave no cells blank - be certain to enter "O" wherever required. A negative answer should be indicated by a minus sign.) 10 points 01:31:21 80 S Market price Payoffs per barrel 68 $ 70 S 75 S 82 References

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