Question: help Suppose that put option, Put 1 , has strike $30, and Put 2 has strike $35. Put 1 costs $3.88 and Put 2 costs

help
help Suppose that put option, Put 1 , has strike $30, and

Suppose that put option, Put 1 , has strike $30, and Put 2 has strike $35. Put 1 costs $3.88 and Put 2 costs $7.40. If you create a bull spread with a long position in Put 1 and a short position in Put 2 , what is the profit/oss of the position if on the maturity date the share price is $45 (Assume your bull spread position involves long/short options that cover two underlying shares, not two option contracts). Caiculate your answer exactly to two decimal places

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