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Consider only for this question that you just created a portfolio with the fo...

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Consider

only

for this question

that you just created a portfolio with the following

components from the table above and the stock itself:

·       

2×Short

stock

·       

1×Long

Call (K=20)

·       

5×Short

Put (K=20)

·       

3×Short

Call (K=25)

 

NewGears’s stock price in 4 months is €13,8. Compute the payoff of this combination in 4 months.

(Insert

your answer in monetary units. For example, if your answer is €231.187, please

insert 231.187)

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