What is the cost to establish the bullish spread with calls

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You are cautiously bullish on the common stock of the Wildwood Corporation over the next several months. The current price of the stock is $55 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: $55.00

Expiration Strike Call Put

June 52.00 9.40 2.90

June 59.00 4.95 3.90

June 64.00 2.45 8.40

Ignoring commissions, what is the cost to establish the bullish spread with calls? Draw payoff and profit graph on expiration date

Reference no: EM131535538

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