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Assume that stock A is traded at $100 per share. A call option with an exercise price of $97 costs $7. A call option on

Assume that stock A is traded at $100 per share. A call option with an exercise price of $97 costs $7. A call option on the stock with the same expiration and an exercise price of $103 costs $3. Using these options what is the cost of entering into a long bull spread on stock A? what is the profit/loss for a long bull spread if the price at expiration of the options is quoted as $110?

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