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Suppose that call options on a stock with strike prices of $ 3 0 and $ 3 5 cost $ 7 and $ 3 .

Suppose that call options on a stock with strike prices of $30 and $35 cost $7 and $3.9, respectively. Use these options to construct a bear spread (\_). What is the profit of the strategy if the stock price is 32 at expiration?
(required precision: 0.01+/-0.01)

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