An investor buys a call with a strike price of $40 and sells a call on the same stock and with the same expiration date that has a strike price of $35. What will the total payoff for this strategy
Be if the price of the stock is $43 when the options expire?
A) +$5.00
B) +$2.00
C) -$5.00
D) -$2.00
Correct Answer:
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