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  3. 3. suppose that call options on a stock with strik

3. Suppose that call options on a stock with strike prices $40 and $45 cost...

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Accounting

3. Suppose that call options on a stock with strike prices $40 and $45 cost $6 and $3, respectively. How can the options be used to create a bull spread? What are the payoff and profit of the bull spread if stock price is $38, $42, and $46 at maturity, respectively

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