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9. If you use a bull currency spread, your largest profit would be fixed at First option premium = $0.019 Second option premi

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Answer #1

In bull currency spread strategy: Buyer will buy option of lower strike price and sell option of higher strike price.

In the given case strategy one should buy $.019 call and sell $.014 call and currency should trade at $.65.

Thus in above case trader will be benefit from buy call which is $(.65 - .64) = $.01

Total profit will be equal = $.01 - .019 - .014

= $.006

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