Question: A butterfly spread involves positions in options with three different strike prices. It involves buying a European call with a relatively low strike price K

A butterfly spread involves positions in options with three different strike prices. It involves buying a European call with a relatively low strike price K₁, buying a European call option with a higher strike price K_3, and selling two European call options where K₂ is half way between K₁ and K₃.

Strike Price	Call Price
55	10
60	7
65	5

A.When will the payoff of the butterfly spread equal to 0?

B. When will be the profit equal to 0?

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