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

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $56 per share. You want to establish a bullish spread to help limit the cost of your option position. You find the following option quotes:

Wildwoood Corp Underlying Stock price: $56.00
Expiration Strike Call Put
June 51.00 9.10 2.30
June 56.00 4.80 3.60
June 61.00 2.30 8.10

Suppose you establish a bullish spread with the puts. In June the stock's price turns out to be $57. Ignoring commissions, the net profit on your position is _______________.

$624

$180

$524

$100

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