What is initial cash flow of the butterfly spread strategy

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Suppose you are creating a butterfly spread using 3 call options with different strike prices. Currently, the call price with strike price of $40 is $22.26, the call with strike price of $50 is $10.9, and the call with strike price of $60 is $5.58. What is the initial cash flow of the butterfly spread strategy? If it's a cash outflow, then answer in a negative number.

Reference no: EM13828658

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