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You decide to design a bullish spread with two call options: buy the call struck at X1 = 500 trading at C1 = $50, write

You decide to design a bullish spread with two call options: buy the call struck at X1 = 500 trading at C1 = $50, write the call struck at X2 = 560 trading at C2 = $5.

What will be the profit from your strategy on the expiration day if the underlying stock trades at $580?

a. 60

b. 45

c. 15

d. 0

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