Question: Question 15 5 pts Apple stock (ticker: AAPL) is currently trading at $155. Consider the following portfolio of options on AAPL: Buy one at-the-money call

Question 15 5 pts Apple stock (ticker: AAPL) is currently trading

Question 15 5 pts Apple stock (ticker: AAPL) is currently trading at $155. Consider the following portfolio of options on AAPL: Buy one at-the-money call option Sell one at-the-money put option Buy one put option with strike price $200 Sell one call option with strike price $200 All options are European and have an expiration date in 1 year. Assume the stock does not pay any dividends. Assume there is no arbitrage in the market. The continuously compounded annual risk-free interest rate r and volatility o are unknown. What is your payoff, in dollars, at expiration? Please round your answer to the nearest integer

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