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Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. You plan to create a bull spread call (Buying a
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Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. You plan to create a bull spread call (Buying a call spread) by trading a total of 200 options?
Total amount of credit or debit: ____________________ (Credit or Debit?)
Maximum amount of profit or loss: __500_____$300*200_____profit________ (Profit or Loss?)
Break-even stock price of this spread: ____________________
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