You are neutral on the market and considering setting up butterfly options strategy. you have the following information: A one month call with strike price of $60 costs $6. One month call with strike price of $62.5 and costs $4, and a one month call with strike price of $65 costs $3. you will use these options to build a butterfly spread.

1-What is the cost to set this strategy up?

2-What is the highest profit of this strategy?

3- what is the maximum loss of this strategy?

4- what is the profit if the stock close at $61 on expiration?

5- What is the profit if the stock close at $62 on expiration?