Bull spread net profit
You build a bull call spread: long a $50-strike call bought for $6.00 and short a $60-strike call sold for $2.20. At expiry the stock finishes at $57. What is your net profit per share, in dollars to two decimals?
Show hints (2)+
- Net premium paid ; only the long call pays at $57.
- Profit payoff net premium.
Answer
Reveal answer →Final answer
3.2 (± 0.001)
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Asked at: Timed Mental-Math & Sequences, Game-Based Aptitude