Suppose you have a portfolio that has a long position in call C e (S 0, T, X 1 ) and a short position in call C e (S 0, T, X 2 ), where X 2 X 1 Your portfolio value is Group of answer choices a) higher than zero b) zero c) not higher than zero d) none of the other choices

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Suppose you have a portfolio that has a long position in call C e (S 0, T, X 1 ) and a short position in

Suppose you have a portfolio that has a long position in call C_e(S_0,T, X₁) and a short position in call C_e(S_0,T, X₂), where X₂ < X_1. Your portfolio value is _______.

Group of answer choices:

a) higher than zero

b) zero

c) not higher than zero

d) none of the other choices

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