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Drewfus Corp

question 29

Multiple Choice

Drewfus Corp.is currently trading at $30.Call options with a strike price of $25 and 6 months to expiration are trading at $7 and call options with a strike price of $35 and 6 months to expiration are trading at $2.If Investor Andy Reutter buys a $25 call and simultaneously sells a $35 call what is his maximum gain on the position.


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