Creating butterfly spread using call options

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Suppose you are creating a butterfly spread using call options with 3 different strike prices. Currently, the call price with strike price of $40 is $22.21, the call with strike price of $50 is $11.62, and the call with strike price of $60 is $5.25. What is the initial cash flow of the butterfly spread strategy? If it's a cash inflow, enter a positive number. If it's a cash outflow, enter a negative number.

Reference no: EM131119744

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