Question: You do a long butterfly spread with PUT options that have exercise prices of $75, $80, and $85. The three puts have prices of $6.34,

You do a long butterfly spread with PUT options that have exercise prices of $75, $80, and $85. The three puts have prices of $6.34, $8.66 and $12.21 and they all expire at the same time. If the underlying asset ends with a price of $75.33, then what is your net payoff?

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