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please show work 4) You set up a Bear Spread on 100 shares of Nike using one $76 call @ $10.30 and one $91 call
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4) You set up a Bear Spread on 100 shares of Nike using one $76 call @ $10.30 and one $91 call @ $4.35. At expiration Nike is trading at $83.74 To set up the spread you go long one $ and short one s To break even on this spread the underlying stock must go to s You hold the spread to expiry so your profit (loss) is s Step by Step Solution
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