The following prices are available for call and put options on a stock priced at $50. The risk-free rate is 6 percent and the volatility is .35. The March options have 90 days remaining and the June options have 180 days remaining. The Black-Scholes model was used to obtain the prices Calls Puts Strike 45 50 March 6.84 3.82 1.89 une 8.41 5.58 3.54 March 1.18 3.08 6.08 June 2.09 4.13 6.93 Use this information to answer questions 1 through 20. Assume that each transaction consists of one contract (100 options) unless otherwise indicated. For questions 1 through 6, consider a bull money spread using the March 45/50 calls. 1. How much will the spread cost? a. $986 b. $302 c. $283 d. $193 e. none of the above 2. What is the maximum profit on the spread? a. $500 b. $802 c. $198 d. $302 e. none of the above