Question: Consider the following European options with different strikes that expire in 6 month. Assume that the current stock price is 100 and zero interest rate.

Consider the following European options with different strikes that expire in 6 month. Assume that the current stock price is 100 and zero interest rate. What is your cash flow today when creating a long butterfly spread from European call options with strike prices K1,K2, and K3 ? Note that you're paying (receiving) \$1, your answer should be -1 (1)

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