Question: please answer the following - quite urgent !! Consider a long strangle with strike price K1 = 40 and K2 = 60 and a short
please answer the following - quite urgent !!

Consider a long strangle with strike price K1 = 40 and K2 = 60 and a short straddle with strike price K = 50. Assume that both have the same time to maturity. a) Clearly determine the combined payoff. b) What other trading strategy has a similar payoff
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