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Consider a portfolio consisting of two long calls and three short calls, all with the same...

Consider a portfolio consisting of two long calls and three short calls, all with the same underlying asset. Which of the following is the portfolio’s profit when ST > X?

_____

A. ST – X – C

B. X – ST + C

C. 3X – 2ST + C

D. 2X – 2ST + C

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