A trader creates a spread by selling a 6-month put option with a $25.00 strike price for $2.15 and buying a 6-month put option with a $29.00 strike price for $4.75.

The initial cost to set up the strategyis $ Answer

. Give your answer correct totwodecimal places, or your answer will be incorrect.

The breakeven share price for the strategy is $ Answer

.Give your answer correct totwodecimal places, or your answer will be incorrect.

This strategy is called aAnswer

bearbull-spread.