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You invest in a Bull Spread. That is, you buy a call with a strike K1 = 52 and sell a call with a strike
You invest in a Bull Spread. That is, you buy a call with a strike K1 = 52 and sell a call with a strike K2 = 59. You buy the first call at a premium of $3.26 and sell the second call at a premium of $2.71. At maturity, the underlying stock is at $49.74. What is your profit/loss?
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