Create a payoff-profit table for a 6-month Bull Call Spread on ZOO stock of width 3 where the lower strike call option is OUT of the money. For the table, assume spot prices from 38 to 48 in increments of 1.

b) What is the maximum risk for this position?

c) What is the breakeven spot price in 6 months?

d) What is the maximum profit for this position?

You are given a table of 6-month call option prices for ZOO Animals Ltd. (ZOO). ZOO is currently trading at $40. The 6 month risk free rate is 5.00. Call Premium Strike Price 40 43 2.86 1.54 0.75 46