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Put options on a stock with strike prices $26 and $29 cost $4.6 and $7.1, respectively. If you create a bull spread with these put
Put options on a stock with strike prices $26 and $29 cost $4.6 and $7.1, respectively. If you create a bull spread with these put options, what is the maximum profit and the maximum loss of this strategy respectively?
a) 0; -2.50
b) 2.50; -13.00
c) 2.50; -10.50
d) 2.50; 0
e) 0; -13.00
please show workings
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