Question: Three put options written on the same stock and with the same maturity have strike prices of $55, $60, and $65, respectively. The market prices

Three put options written on the same stock and with the same maturity have strike prices of $55, $60, and $65, respectively. The market prices of the above options are $3, $5, and $8, respectively. What is the profit/loss of a butterfly spread constructed using these three options if the stock price at maturity is $57.4?

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