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An investor buys one call option contract on a stock with a strike price of 3 8 . 5 and sells a call option contract

An investor buys one call option contract on a stock with a strike price of 38.5 and sells a call option contract on the same stock with a strike price of 40. The market prices of the options are 2.40 and 1.80 respectively. The options have the same maturity date. Describe the in- vestors position and the possible gain/loss he will get (taking into account the initial investment). Make a graph of your gain/loss.

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