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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 $6.4 $45 $3.7 At expiration, XYZ price becomes $64.

Calculate the bull spread profit.

Round to the nearest 2 decimal points.

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