For risk management purposes, Julia decided to undertake a strategy consisting of buying a call with a strike price of $86 for $2.8 and selling a call with a strike price of $76 for $9.75. She entered this position with 86 contracts each containing 100 strategies. What is the amount of her initial investment?

A) What is the amount of her initial investment?

B) What is the amount of her max gain?

C) What is her gain/loss if the stock price in 3 months is $79.5 ?

D) What is her (gain/loss) if the stock price at expiration is higher than the low strike price (76) by 1100 basis points?

E) What is the breakeven price?