What is the cost of each spread

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Common stock of a company is selling today for $53.69. Call options on the company expiring in 1-month with strike prices of $49 and $56 are selling for $4.80 and $0.36, respectively. 

a. How would you form (i.e., which option would you be long and which option would you be short) a bull call spread with the two options? What is the cost of each spread?

Reference no: EM131513365

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