Student details Please use the back of the page if you need additional space to write or sketch. Question # 1 (Max. Marks 12 4+4+4) Suppose market offers six-month European put options with strike prices of $60 and $80 for option prices $5 and $8 respectively. Market quotes for six-month European call options with strike prices of $60 and $80 are $6 and $4 respectively 3. 4. How can a trader create a BULL Spread using PUTs? What will be the payoff of Bull Spread using PUTs if spot price at maturity is $752 Answer: Part-1 Part-2 ption Positionn premium, price et Pay o Strategy cost Strategy Pay off