What is the traders profit if he holds his position until


A trader creates a bull spread on a stock by selling one 3-month $50-strike European call option at $2 and buying one 3-month $45-strike European call option at $4. What is the trader’s profit if he holds his position until maturity of the options and the stock price is $48 then?

A. -$3.00

B. -$1.00

C. $0

D. $1.00

E. $3.00

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Financial Management: What is the traders profit if he holds his position until
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