Question
Questions a-d are related and share the same information: (a) Questions 5-8 are related and share the same information: You set up a Bull Spread
Questions a-d are related and share the same information:
(a) Questions 5-8 are related and share the same information:
You set up a Bull Spread on 100 shares of Home Depot using one $110 call @ $15.76 and one $122 call @ $8.22. At expiration Home Depot is trading at $129.47. To set up the spread you go long one $________ call. (whole number)
(b) and short one $________ call. (whole number)
(refers to the above problem statement)
(c) To break even on this spread the underlying stock must go to $___________. (dollars, rounded to two places after the decimal)
(refers to the above problem statement)
(d) You hold the spread to expiry so your profit (loss) is $________. (dollars, rounded to two places after the decimal)
(refers to the above problem statement)
These are one set of problem please. solve this accurately please
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