Question: Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5,
Three put options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5, and $8, respectively. What is the profit of a butterfly strategy if S=57 and S=67 respectively.
A. 1 and -1
B. -1 and -1
C. 1 and 1
D. -1 and 1
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