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9. A sneaky CFO buys a 6-month 90-strike call option on stock XYZ for $4.75 and writes a 6-month 80strike call option on stock XYZ

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9. A sneaky CFO buys a 6-month 90-strike call option on stock XYZ for $4.75 and writes a 6-month 80strike call option on stock XYZ for $6.35. The risk-free rate is 8% convertible semi-annually. If the spot price at expiration of stock XYZ is $83, calculate the sneaky CFO's profit

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