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Business, 08.09.2020 15:01 kernlife

You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $57 per share. You want to establish a bullish spread to help limit the cost of your option position. You find the following option quotes: Wildwoood Corp Underlying Stock price: $57.00
Expiration Strike Call Put
June 52.00 9.20 2.35
June 57.00 4.85 3.70
June 62.00 2.35 8.20
Suppose you establish a bullish spread with the puts. In June the stock's price turns out to be $58. Ignoring commissions, the net profit on your position is .
a) $100
b) $185
c) $628
d) $528

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