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ABC Corp is currently trading@ $38/share Consider an option trading strategy consisting of: o A long European call on ABC with a strike price $50, trading @ $5 A long European put on ABC with a strike price of $40, trading @ $s o What are the intrinsic & time value of the call & put Draw a profit diagram for each option as well as the overall strategy (a sketch is fine, but must be neat & well labeled) Construct the payoff table & profit table for the strategy & calculate 1. 2. 3. a. b. c. Max potential profit Max potential loss Break even points (there's 2) 4. If the stock price turns out to be $160 @ the maturity date, what's the profit on the strategy