Question
A three-month call option with strike price of $43 has a cost of $13 and anotherthree-month call option with strike priceof $56 has a cost
A three-month call option with strike price of $43 has a cost of $13 and anotherthree-month call option with strike priceof $56 has a cost of $5. What is the maximum gain when a bull spread is created from the calls?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
