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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 $53

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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 $53 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: Wildwoood Corp Underlying Stock price: $53.00 Expiration Strike Call Put 48.00 8.80 June 2.15 53.00 June 4.65 3.30 58.00 2.15 June 7.80 Suppose you establish a bullish money spread with the puts. In June the stock's price turns out to be $54. Ignoring commissions, the net profit on your position is Multiple Choice O $612 o $165 o $512 . $100

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