Question: A trader creates a bear spread by selling a six-month put option with a $22 strike price for $3 and buying a six-month put option

A trader creates a bear spread by selling a six-month put option with a $22 strike price for $3 and buying a six-month put option with a $28 strike price for $5. What is the total payoff when the stock price in six months is $20 ? A. \$3 B. $6 C. $4 D. $5

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