What is the magnitude of maximum loss

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Consider:(a) Stock trades for $100; (b) Calls with exercise prices of $90, $100, and $110 trade at prices of $16.63, $11.13, and $6.29 respectively.

If a person buys a $110 call and writes a $90 call, what is the magnitude of her maximum loss? Please answer correctly up to two decimal places.

Reference no: EM132804696

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