Question: please give me the steps A trader creates a bear spread by using two put options. One option has a $27 strike price with a

please give me the steps

please give me the steps A trader creates a bear
A trader creates a bear spread by using two put options. One option has a $27 strike price with a premium of $2.35 and another put has $31 strike price costing $5.25. Required: Discuss what positions the trader may have taken to create the Bear spread strategy and report the initial cost of the strategy and the total payoff when the stock price in six months is $25. '

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