Question: A diagonal spread is created by buying a call with a strike price X2 and exercise date T2 and selling a call with strike price

A diagonal spread is created by buying a call with a strike price X2 and exercise date T2 and selling a call with strike price X1 and exercise date Tl (T2>T1). Draw a diagram showing the profit when

a. X2>X1

b. X2

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