Question: Problem 1 6 - 1 4 You enter into a bull spread by purchasing a call with a strike price of $ 7 7 and

Problem 16-14
You enter into a bull spread by purchasing a call with a strike price of $77 and selling a call with a strike price of $89. Suppose that the first call costs $11 and the
second call sells for $4.
At what underlying stock price will you break even?
You would break even at an underlying stock price of $
Problem 16-14 You enter into a bull spread by purchasing a

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