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1) You invested in a bull spread by buying a three month European call options with a strike price of $5 for $3.55 and selling

1) You invested in a bull spread by buying a three month European call options with a strike price of $5 for $3.55 and selling a three month European call options on the same stock with a strike price of $13 for $2.18. Calculate the stock price at which you break even on maturity. Assume each option is on one share of stock and Calculate your answer to two decimal places.

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