Question: You create a bear spread by using a total of 200 9-month puts with strike prices of $35 and $40. These puts cost $4 and
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You create a bear spread by using a total of 200 9-month puts with strike prices of $35 and $40. These puts cost $4 and $6. What is your maximum potential profit?
A. $400
B. $500
C. $300
D. $600
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