Question: Question 9 (3 points) A call option with a strike price of $50 costs $2. A put option with a strike price of $45 costs

Question 9 (3 points) A call option with a strike price of $50 costs $2. A put option with a strike price of $45 costs $3. Explain how a strangle can be created from these two options? What is the pattern of profits from the strangle? Calculate the profit function at expiration for each of the intervals defined by the strike prices. What is (are) the break-even point(s), if any
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