You decide to create a bull spread on a stock, anticipating the stock price will increase. You sell a 6-month call option for $2.83/share with a strike price of $45.00, and you buy a call option for $5.11/share with a strike price of $40.00. The current spot price is $42.00, and assume an interest rate of 3% per annum. (3 points) 1. What is the initial cost per share of entering this position? 2. Indicate your payoff and profit given the following final stock prices: S t = $38.75 S t = $41.50 S t = $50.42