Calculate the stock price at which you break

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You invested in a bull spread by buying a three month European call options with a strike price of $9 for $3.47 and selling a three month European call options on the same stock with a strike price of $12 for $2.63. Calculate the stock price at which you break even on maturity. Assume each option is on one share of stock and Calculate your answer to two decimal places. No need to include dollar sign for your answer.

Reference no: EM132494973

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