Draw the profit graph for strategy

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You are in a call option with X = 50 and buy a call with X = 60. The option are on the same stock and have the same expiration date. One of the calls sells for $3, the other sells for $9.

a. Draw the payoff graph for this strategy at the option expiration date.

b. Draw the profit graph for this strategy

Reference no: EM132627330

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