Question: Please provide calculation steps 7) Ignoring time value of money, what is your maximum possible gain if you bought a call option on l with
Please provide calculation steps

7) Ignoring time value of money, what is your maximum possible gain if you bought a call option on l with strike price of 1.65$/ for $0.15 and, at the same time, sold a call option on 1 with strike price of 1.85$/ for $0.06? Answer: $0.11 8) Ignoring time value of money, what is your maximum possible gain if you bought a put option on 1 with strike price of 1.65$/ for $0.06 and, at the same time, sold a put option on l with strike price of 1.85$/ for $0.15
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