Question: The effective annual interest rate is 3 % . Construct an asymmetric butterfly spread position with three strike prices 5 0 , 5 9 ,

The effective annual interest rate is 3%. Construct an asymmetric butterfly spread position with three strike prices 50,59, and 65 by using calls.(a) Determine how many calls that you need to sell and buy respectively for the asymmetric butterfly spread position. Calculate the profit of the asymmetric butterfly spread position.

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