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 $6 5 $45 $3 3 At expiration, XYZ price becomes $67 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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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	$6.5
$45	$3.3

At expiration, XYZ price becomes $67. 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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