Question: USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the following information on put and call options for Citigroup Strike P Call Price S32.50 $2.85

 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the following

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S) Consider the following information on put and call options for Citigroup Strike P Call Price S32.50 $2.85 $1.65 (i) Calculate the net value of a protective put position at a stock price at expiration of $20, and a stock price at expiration of $45. (ii) Calculate the dollar gain or loss of a short straddle at a stock price at expiration of $20 and a stock price at expiration of $45

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