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A trader is considering purchasing a call spread that would involve buying a $100.00 strike and selling a $110.00 strike call option. The underlying stock

A trader is considering purchasing a call spread that would involve buying a $100.00 strike and selling a $110.00 strike call option. The underlying stock is currently trading $85.00, the prevailing interest rate is 5%, the implied volatility (with no smile) is 25% and there are 180 days to expiry in a 365 day year. If the trader is shown a $1.05 offer for the spread, how much MTM profit/loss would instantly accrue if the trader transacted on that price?

 Indicate profit as a positive number, a loss as a negative number.

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