You buy a call option with X $=$ $$52$ and write a call with X $=$ $$64.$ The

options are on the same stock and have the same expiration date. One of

the calls sells for $$5$; the other sells for $$8.$

a$.$ Draw the payoff graph for this strategy at the option expiration date.

b$.$ Draw the profit graph for this strategy.

c$.$ What is the break$-$even point for this strategy?

d$.$ Are you bullish or bearish on the stock?