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Mary speculates XYZ stock price will increase. Today she creates a bull spread using the following 2 call options. Strike PriceCall option price$40$6.1$ 45$4.9 At
Mary speculates XYZ stock price will increase. Today she creates a bull spread using the following 2 call options.
Strike PriceCall option price$40$6.1$ 45$4.9
At expiration, XYZ price becomes $64. Calculate the bull spread profit.
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