Suppose that the price of a share of stock XYZ corporation is currently at 20$ per share. Consider buying a call option with strike price 40$ and simultaneously selling another call option with strike price 60$. Both options have the same underlying asset and same maturity date.

A) Draw a payoff diagram of this portfolio. Then, compute payoff.

B) If the stock price is $60, what would be your profit?

C) If the stock price is $100, what would be your profit?