A call with a strike price of 60 costs 6 a put with the


A call with a strike price of $60 costs $6. A put with the same strike price and expiration date costs $4. A trader creates a straddle by buying a call option and a put option, and holds it until maturity. For which of the following ranges of the stock price at maturity, the profit of the strategy is positive?

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Financial Management: A call with a strike price of 60 costs 6 a put with the
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