create a bull call spread using the following quotes:

Option type	Call on Stock ABC
Exercise price	$17.50	$20
Option premium	$5.50	$3.50

QUESTION:

- Explain how to create the bull spread by using the above options.

- Draw the profit and loss diagram of this strategy on the expiration date and complete the following table.

Profit/Loss and break-even points

P/L & BE points	Strategy
When S $17.50	P/L=
When S $20	P/L=
BE point =