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A trader creates a bull call spread by buying an option for $12.00 at the $100 strike price and selling an option at $5.00 at
A trader creates a bull call spread by buying an option for $12.00 at the $100 strike price and selling an option at $5.00 at the $120 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 $99?
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Fundamentals Of Corporate Finance
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
6th Edition
0072553073, 9780072553079
