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2. Suppose that call options on a stock with strike prices 50 and 60 cost 8 and 5 , respectively. How can the options be

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2. Suppose that call options on a stock with strike prices 50 and 60 cost 8 and 5 , respectively. How can the options be used to create (a) a bull spread and (b) a bear spread? Construct a table that shows the profit and payoff for both spreads. Short Answer (20 Points)

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