You trade a put credit-spread, or put bull-spread, or put vertical for a credit, or a short put-spread, (I am not sure why there are so many different names ...) Anyway, you sell one put with a strike of 40 for $2.50 and buy a put with a strike of 35 for $1.10. A. What is the net value of the strategy (the total premium)? B. Are you receiving (credit) this amount or paying (debit) this amount? C. What is the break-even point for this strategy