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Attractive features of a Bull Money Spread (BMS) using Call options with exercise prices of X1 and X2; as contrasted with simply buying a call

Attractive features of a Bull Money Spread (BMS) using Call options with exercise prices of X1 and X2; as contrasted with simply buying a call with a strike price of X1, include all of the following, EXCEPT:

A.

The BMS is more profitable for a ver large increase in the stock price.

B.

The BMS can be set up for a lower initial cost.

C.

The BMS has a lower terminal break even stock price.

D.

The BMS will earn a higher profit for a modest upward movement in the stock price.

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