1) Stock XYZ is trading today at $50, and pays no dividends. The effective 3 month interest rate is 0.25%. All style and expire in 3 months. options are European Option type Call Put Call Put Strike Bid Ask 45 45 6.75 1.70 2.15 6.90 7.00 1.80 2.25 7.15 Construct a bull spread using just the call options and draw its profit diagram at option expiry Construct the same bull spread using just put options and draw its profit diagram at option expiry. Don't forget to take interest rates and bid/ask prices in to account