The premiums on the put and the call are each 06 if the


You expect the price of GE to not change very much in the next month, so you go short on (sell) a straddle (a put and a call at the same strike) on 100 shares of GE, with a strike price of $22.9. The premiums on the put and the call are each $0.6. If the price at maturity is $28, what is your profit from this position?

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Financial Management: The premiums on the put and the call are each 06 if the
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