What will be the total profit from the butterfly spread

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Suppose you are creating a butterfly spread using 3 put options with different strike prices. Currently, the put price with strike price of $40 is $5.62, the put with strike price of $50 is $12.47, and the put with strike price of $60 is $22.61. If the stock price becomes $60 at the option expiration, what will be the total profit from the butterfly spread?

Reference no: EM13305275

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