Today's price of three traded call options on the stock BackBay, all expiring in one month, are as follows: Strike Price Option Price
$50 $7.50
$60 $3
$70 $1.50

You are considering buying a spread consisting of the following positions:

Buy 1 call at strike price of $50
Sell (write) 2 calls at strike price of $60
Buy 1 call at strike price of $70.

Assume the one-month interest rate is 0%.

Required:
a. Plot the payoff of your total position for different values of thestock price on the maturity date.
b. What is the dollar investment required to establish the spread?
c. For what stock prices on the maturity date will you be making anoverall profit?

the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.

answer; test-retest;

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