Write down the profit equation for a long call bull spread

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1. a) Write down the profit equation for a long call bull spread.

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Strike price of short call - strike price of long call - net premiums

b) What are the payoff, cost and profit of a long call bull spreadwith strike prices of $1,125 and 1,240 if the GOOG shareprice become $1,210.55 on the expiration date?

Reference no: EM132528079

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