Question: A trader creates a long butterfly spread from call options with strike prices $60, $82, and $92 by trading a total of 400 options. The

A trader creates a long butterfly spread from call options with strike prices $60, $82, and $92 by trading a total of 400 options. The options are worth $8, $14, and $23 respectively. What is the maximum net gain (after the cost of the options is taken into account)?

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