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Six -month call options with strike prices of $35 and $40 cost $7 and $4, respectively. What is the maximum gain when a bull spread

Six -month call options with strike prices of $35 and $40 cost $7 and $4, respectively. What is the maximum gain when a bull spread is created by using two 100-share options?

a.

$200

b.

$400

c.

$300

d.

$100

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