Question: points) A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 4 stock options.

points) A trader creates a long butterfly spread from options with

points) A trader creates a long butterfly spread from options with strike prices $60, $65, and $70 by trading a total of 4 stock options. The options are worth $12, $14, and $18 respectively. What is the maximum net loss (after the cost of the options is taken into account)? $1 $2 $3 $4

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