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Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. a) What is the maximum gain when a bull spread

Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively.

a) What is the maximum gain when a bull spread is created from the calls? b) What is the maximum loss when a bull spread is created from the calls? c) What is the maximum gain when a bear spread is created from the calls? d) What is the maximum loss when a bear spread is created from the calls?

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