Intro An investor is bullish on GM and Tesla (hopes both will go up) over the next 3 months. To limit her potential losses, the investor plans to use bull spreads on GM and Tesla. For the bull spread on GM, she plans to use two call options on GM with strike prices 55 and 60, respectively, and same 3-month maturity. The premium on the call with strike 55 is $1.56, while the premium on the call with strike 60 is $1.06. For the bull spread on Tesla, she plans to use two put options on Tesla with strike prices 550 and 650, respectively, and same 3-month maturity. The premium on the put with strike 550 is $18.5, while the premium on the put with strike 650 is $24.5. Part 1 | Attempt 1/1 for 10 pts. Suppose that one month from now GM stock price becomes $67. What is investor's profit (per share) from a long bull spread on GM? 0.5 -4.5 -0.5 5.5 4.5 Submit Part 2 Attempt 1/1 for 10 pts. Suppose that one month from now Tesla stock price becomes $550. What is investor's profit (per share) from a long bull spread on Tesla? -106 6 -94 94 Submit Part 3 Attempt 1/1 for 10 pts. Suppose that the investor enters long M bull spreads in GM and long 1 bull spread in Tesla. What should M be such that the investor's cash flow from its overall strategy (i.e., long M bull spreads on GM and long 1 bull spread or iesia) is exactly zero? 1 12 6 24 Submit