10. Stock XYZ has the following characteristics: The current price is 40 . The price of a 35 -strike l-year European call option is 9.12. The price of a 40-strike l-year European call option is 6.22. The price of a 45-strike I-year European call option is 4.08. The annual effective risk-free interest rate is 8%. Let S be the price of the stock one year from now. All call positions being compared are long. Determine the range for S such that the 45 -strike call produce a higher profit than the 40-strike call, but a lower profit than the 35 -strike call