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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 | $6.6 |
$45 | $3.4 |
At expiration, XYZ price becomes $68. 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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