Question 3: Spreads. Given the following data: SO = 44.50 OCT 45 call = 2.55 OCT 45 put = 2.92 OCT 50 call = 1.45 OCT 50 put = 6.80 1 What is the maximum gain with an OCT 45/50 bull call spread? A 1.10 B 3.05 C 3.90 2 What is the maximum loss with an OCT 45/50 bear put spread? A 1.12 B 3.88 C 4.38 3 What is the breakeven point with an OCT 45/50 bull call spread? A 46.10 B 47.50 C 48.88