14. Structure a bull debit spread strategy on 100 shares of AAPL. Assume AAPL is trading at $155. 1) You think AAPL is very likely to trade up to $175, 2) You think it is unlikely AAPL will trade above $175, 3) you want a cheaper strategy than just going long the $155 call.

If the $155 call premium is $10 and the $175 call premium is $1, A) What is the initial cost of the strategy and B) what is the breakeven price?