Question: You construct a straddle position by buying the following two options on Euros: What is the total profit of the position if the exchange rate

You construct a straddle position by buying the following two options on Euros: What is the total profit of the position if the exchange rate at expiration is $1.02 per Euro

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4. Explain the strengths and weaknesses of each approach.

d. Describe any challenges in trying to communicate. If there were no challenges, explain why you think it was so easy.

3. Identify the methods used within each of the three approaches.