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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

Question 85

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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)     -Refer to Exhibit 16.8. If XYZ were trading at $90/share and you formed a bull money spread, what is your profit if XYZ is trading at $110 at expiration? A)  $912.50 loss B)  $87.50 gain C)  $87.50 loss D)  $1,000.00 gain E)  $1,000.00 loss
-Refer to Exhibit 16.8. If XYZ were trading at $90/share and you formed a bull money spread, what is your profit if XYZ is trading at $110 at expiration?


A) $912.50 loss
B) $87.50 gain
C) $87.50 loss
D) $1,000.00 gain
E) $1,000.00 loss

Correct Answer:

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