2. Today you buy Option 1 and sell Option 2; (bull call spread). At expiration the stock price equals $279. What is your profit or loss (on a per share basis)? A) A loss of $5 B) A loss of $3
C) A profit of $2
D) A profit of $3
E) A profit of $5
3. Suppose you purchase Option 1 and also purchase Option 2. What is your breakeven stock price (on a per share basis) at expiration? A) $284 B) $285.50
C) $287.50
D) $291 E) $296
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