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Mary speculates XYZ stock price will increase. Today she creates a bull spread using the following 2 call options. Strike Price Call option price $40
Mary speculates XYZ stock price will increase. Today she creates a bull spread using the following 2 call options. Strike Price Call option price $40 $5.6 $45 $3.8 At expiration, XYZ price becomes $62. Calculate the bull spread profit. Round to the nearest 2 decimal points. For example, if your answer is $12.34, then enter "12.34".
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