Question: Strap: Buy two calls with X = $50 at a price of $5 each. Buy 1 put with X-$50 at a price of $4.50. Ir

 Strap: Buy two calls with X = $50 at a price

Strap: Buy two calls with X = $50 at a price of $5 each. Buy 1 put with X-$50 at a price of $4.50. Ir S - $60, the payoff is O A $5.50 OB. $20 O C. $14.50 OD.$6.00 O E $11

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