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A trader creates a bull call spread by buying an option for $5.00 at the $70 strike price and selling an option at $2.50 at
A trader creates a bull call spread by buying an option for $5.00 at the $70 strike price and selling an option at $2.50 at the $75 strike price. What is the net payoff per share (enter 4.00, not 400, for one spread - the gross payoff of the spread minus the cost of the spread) when the stock price in six months is $76? Please enter your answer as a number with two decimal places (no dollar sign), and include a negative sign if it is a loss..? Please enter your answer as a number with two decimal places (no dollar sign).
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