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A put option with a strike price of $65 costs $8. A put option with a strike price of $75 costs $15. 1) How can

A put option with a strike price of $65 costs $8. A put option with a strike price of $75 costs $15. 1) How can a bull spread be created? 2) With the bull spread created above, what is the profit/loss if the stock price is $70? 3) With the bull spread created above, when would the investor gain a positive profit?

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