Question: Question 21 2 points Saved You are long 3 contracts of 1 yr futures on the S&P 500 Index with delivery price of 53.00, long
Question 21 2 points Saved You are long 3 contracts of 1 yr futures on the S&P 500 Index with delivery price of 53.00, long 3 contracts of 1 yr put options on the index with strike of $2.400, and also short 3 contracts of 1-yr call options on the index with strike of $4,000. What will be your payoff at expiry if the index price (S_T) is 55,000
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