Question: A butterfly spread is a position in three options on the same underlying stock with different strikes. An investor buys one call with a strike

A butterfly spread is a position in three options on the same underlying stock with different strikes. An investor buys one call with a strike K1 - 22, sells two calls with a strike K2 - 24 and buys one call with a strike Kg - 26. What is the payoff of the butterfly spread, if the stock price equals $26 at maturity? a O $2 O -$1 O $1 O $0

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