Question: 2) You create a spread position by writing eight contracts (100 shares per contract) on the May $40 call option (C1 is 3.86 per unit)

2) You create a spread position by writing eight contracts (100 shares per contract) on the May $40 call option (C1 is 3.86 per unit) and buying eight contracts on the May $45 call option (C2 is 1.07 per unit). This is a Bear Call spread. What is the profit at expiration if ST = 34, if ST = 41, and if ST = 53? What is the breakeven asset price at expiration?

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