Two British pound (C) pot options are avallable with exercise prices of $1.44 and $1,48. The premlums associated with these options are 50.03 and 40.05 phe unit, respectively. One option contract represents E31,250. 8. Describe how a bull spread can be constructed using these put options. What is the difference between using put options vertus call options to construct a bull spiead? A buil spread can begonctructed with buying the put option and writing the put option. The difference hetween using cail and put options to canstruct a bull saread is that veing put options results in a spreadi b. Complete the workiceet for the brill spread, Use a minus sign to enter loss values, If amy. If the answer is zero, enter "o. Round your answers to the Anareat cent. C. At option expiration, the spot rate of the pound is $1.44. What is the bull spresder's total gain or loss? Use a minus sign to enker ioss values, if any. Round. your answer to the nearest dollar. 6. At option expiration, the spot rate of the pound is $1.42, What is the bear spreader's total gain or loss? Use a minus sign to enter loss values, if any, Round your answer to the nearest dollar. Two British pound (C) pot options are avallable with exercise prices of $1.44 and $1,48. The premlums associated with these options are 50.03 and 40.05 phe unit, respectively. One option contract represents E31,250. 8. Describe how a bull spread can be constructed using these put options. What is the difference between using put options vertus call options to construct a bull spiead? A buil spread can begonctructed with buying the put option and writing the put option. The difference hetween using cail and put options to canstruct a bull saread is that veing put options results in a spreadi b. Complete the workiceet for the brill spread, Use a minus sign to enter loss values, If amy. If the answer is zero, enter "o. Round your answers to the Anareat cent. C. At option expiration, the spot rate of the pound is $1.44. What is the bull spresder's total gain or loss? Use a minus sign to enker ioss values, if any. Round. your answer to the nearest dollar. 6. At option expiration, the spot rate of the pound is $1.42, What is the bear spreader's total gain or loss? Use a minus sign to enter loss values, if any, Round your answer to the nearest dollar