Which of the following creates a bull spread? Buy a low strike price put and sell a high strike price put Buy a high strike price put and sell a low strike price put Buy a high strike price put and sell a low strike price call Buy a high strike price call and sell a low strike price put

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented