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You are cautiously bullish on the common stock of EXTREME INC over the next several months. The current price of the stock is $56 per

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You are cautiously bullish on the common stock of EXTREME INC over the next several months. The current price of the stock is $56 per share. You want to establish a bullish money spread to help limit the cost of your option position. You find the following option quotes: EXTREME INC Underlying Stock price: $56.00 Expiration Strike Call Put 51.00 9.10 June 2.30 56.00 June 4.80 3.60 61.00 June 2.30 8.10 Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $57. Ignoring commissions, the net profit on your position is Multiple Choice $100 $624 $524 $180

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