Question
Nine-month put options with strike prices of $55 and $60 cost $4 and $7, respectively. What is the maximum gain when a bear spread is
Nine-month put options with strike prices of $55 and $60 cost $4 and $7, respectively. What is the maximum gain when a bear spread is created by trading a total of 200 options?
Select one:
a. $100
b. $200
c. $300
d. $400
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
