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You start your day at Risk Solutions Corp. One of your clients, Charles Swaney, believes that WMT will have an outstanding performance over the following

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You start your day at Risk Solutions Corp. One of your clients, Charles Swaney, believes that WMT will have an outstanding performance over the following weeks. He asks you to recommend him a suitable strategy, with limited losses if things do not happen the way he expects. You suggest him to follow a bull spread strategy with call options. Specifically, you recommend a long position on two calls with strike prices 128 and 157, which have call premiums of 10 and 9, respectively. You remind him that each call option contract controls 100 shares. One month later, the stock price is 161. Mr. Swaney has been travelling and has not paid attention to the markets. He calls you and asks you to calculate the total proft (or loss) of the portfolio ***Please round your answer to the nearest three decimals

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