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Suppose that you sell for $12 a call option with a strike price of $55, sell for $9 a call option with a strike price

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Suppose that you sell for $12 a call option with a strike price of $55, sell for $9 a call option with a strike price of $65, and buy for $9 each two call options with a strike price of $60. a) What is the minimum profit possible on the exercise date? Answer = $ b) What is the maximum stock price at the exercise date that will result in you breaking even? Answer = $ [Note: Assume a zero rate of interest.]

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