What is the payoff per share on the investor bull spread

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Suppose an investor buys a bull spread on ABC stock, where the call options used to construct the bull spread have strike prices equal to $45 per share and $61 per share. Both options are European exercise.

If the stock price on the expiration date is $51.09 per share, what is the payoff per share on the investor's bull spread?

Reference no: EM132826098

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