Question: A trader creates a long butterfly spread from call options with strike prices USD 60, USD 65 , and USD 70 by trading a grand

A trader creates a long butterfly spread from call options with strike prices USD 60, USD 65 , and USD 70 by trading a grand total of 400 options (long positions plus short positions). Each option contract is for one share of the underlying stock. The option premiums are USD 11, USD 14, and USD 18, respectively. What is the maximum net profit from this strategy (after the cost of the options is taken into account)

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