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10. Question (10 Point) Assume that the current price of a stock is $100. A call option on that stock with an exercise price of

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10. Question (10 Point) Assume that the current price of a stock is $100. A call option on that stock with an exercise price of $98 costs $7. A call option on the stock with the same expiration and an exercise price of $105 costs $4. Using these options what is the cost of entering into a long bull spread on this stock? A) -$1. B) $0. C) $3. D) $4

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