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Fundamentals of Investment Management Study Set 1
Quiz 15: Put and Call Options
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Question 81
Essay
A stock is selling for $35.You buy an April 30 call option for 3.75 and short (write)an April 35 call option for 1.25.You have entered into a vertical spread.If the stock is $43 at expiration,what will your profit or loss be on the spread?