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The following prices are available for call and put options on a stock priced at $ 5 0 . Calls Puts Strike March June March

The following prices are available for call and put options on a stock priced at $50.
Calls
Puts
Strike
March
June
March
June
45
6.84
8.41
1.18
2.09
50
3.82
5.58
3.08
4.13
55
1.89
3.54
6.08
6.93
Assume that each transaction consists of one contract (for 100 shares).
Consider a bull money spread using the March 45/50 calls.
What is the profit if the stock price at expiration is $47?
A. $500
B.-$302
C.-$102

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