Look at the following information. Security Qty Bid Ask Cisco Systems, Inc. $57.02 $57.04 CSCO 14 JAN 2022 57 CALL 10 $0

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Look at the following information.
Security
Qty
Bid
Ask
Cisco Systems, Inc.
$57.02
$57.04
CSCO 14 JAN 2022 57 CALL
10
$0.35
$0.41
CSCO 14 JAN 2022 60 CALL
10
$0.01
$0.03
CSCO 14 JAN 2022 57 PUT
10
$0.35
$0.41
CSCO 14 JAN 2022 54 PUT
10
$0.01
$0.04
a. If you decide to enter into
a bear spread, how would it be
structured, and what would the potential profit or loss be?
b. What is the spread’s profit-to-loss
ratio?
c. What is the breakeven point?
d. How much margin (buying power) does
this position require?