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Suppose that call options on a stock with strike prices of $30 and $35 cost $7 and $4, respectively. Use these options to construct a
Suppose that call options on a stock with strike prices of $30 and $35 cost $7 and $4, respectively. Use these options to construct a bull spread (_/). What is the profit of the strategy if the stock price is 27 at expiration? (required precision: 0.01 +/- 0.01)
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