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The current share price of Gator Corp. is $ 4 0 . The following three call options are available on the stock: 1 . The

The current share price of Gator Corp. is $40. The following three call options are available
on the stock:
1. The price of a $35-strike 1-year European call option is $9.12.
2. The price of a $40-strike 1-year European call option is $6.22.
3. The price of a $45-strike 1-year European call option is $4.08.
The annual effective risk-free interest rate is 8%. Let S be the stock price of the Gator Corp. one year from now. Assuming you are only taking long positions in these call options due to your limited risk appetite. Determine the range for S such that the 45-strike call produces a higher profit than the 40-strike call, but a lower profit than the 35-strike call.

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