Question

Asha buys a call with strike $85 and sells a call with strike $110 on S&P-500....

Asha buys a call with strike $85 and sells a call with strike $110 on S&P-500. The $85 strike call costs $10 while the $110 strike costs $8. Asha’s maximum profit on this strategy is

$23

$27

Infinity

$25

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Answer #1

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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