You are cautiously bullish on the common stock of the EVN Corp over the next several months. The current price of the stock is $59 per share. You want to establish a bull spread to help limit the cost of your option position. You find the following option quotes:

EVN Corp Underlying Stock price: $59.00
Expiration	Strike	Call	Put
June	59.00	9.90	3.40
June	69.00	2.70	8.90

What is the cost to establish 100 bull spreads?

• $720

• $470 income rather than cost

• $1,260

• $470