Question
A bull call spread is created with two call options that differ in their strike prices by $51. The price of the lower strike price
A bull call spread is created with two call options that differ in their strike prices by $51. The price of the lower strike price option exceeds that of the higher strike price option by $23.19. The position is set up with 100 call options bought and 100 call options written. What is the maximum gain possible? Please provide your answer to the nearest dollar.
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Introduction To Stochastic Finance With Market Examples
Authors: Nicolas Privault
2nd Edition
1032288272, 9781032288277
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