What is the maximum gain when a bull spread is created

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Reference no: EM132902469

Problem 1: Six-month call options with strike prices of $35 and $40 cost $6 and $4, respectively. What is the maximum gain when a bull spread is created by trading a total of 200 options? (Show computation)

a. $100
b. $200
c. $300
d. $400

Reference no: EM132902469

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