Question: Question 8 Suppose we want to create a pay off diagram for a long strangle. Let's assume the stock is currently trading at $60.00. We

 Question 8 Suppose we want to create a pay off diagram

Question 8 Suppose we want to create a pay off diagram for a long strangle. Let's assume the stock is currently trading at $60.00. We buy a call with a strike price of $65 for a premium of $3.13 and we buy a put with a strike price of $50 with a premium of $.88. What are the total gains or losses (per share) from this strangle when the stock price is $75? O A Loss of $5.99 OB. Gain of $5.99 Oc Gain of $40,99 D. Gain of $44.12 > Moving to another question will save this response. 100) o N 3 GOPWPXOBOTA

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