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Exhibit 22  otrike Price  Put Price  Call Price $32.50$2.85$1.65\begin{array} { c c c } \text { otrike Price } & \text { Put Price } & \text { Call Price } \\\hline\$ 32.50 & \$2.85 & \$1.65\end{array}

question 28

Multiple Choice

Exhibit 22.4
Use the Information Below for the Following Problem(S)
Consider the following information on put and call options for Citigroup
 otrike Price  Put Price  Call Price $32.50$2.85$1.65\begin{array} { c c c } \text { otrike Price } & \text { Put Price } & \text { Call Price } \\\hline\$ 32.50 & \$2.85 & \$1.65\end{array}
-Refer to Exhibit 22.4.Calculate the payoffs of a long strap at a stock price at expiration of $20 and a stock price at expiration of $45.


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Unapproved Use

Usage of a product or service in a manner not sanctioned or authorized by official guidelines or regulations.

Deregulation

is the process of reducing or eliminating government rules and restrictions on business activities, with the aim of increasing efficiency and promoting competition within industries.

Airline Prices

The cost of air travel tickets, influenced by various factors including fuel costs, demand, seasonality, and competition.

Trucking Firms

Companies that specialize in the transportation of goods by road, providing logistics and freight services over short or long distances.

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