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An investor implements a spread trading strategy using options on the stock of XYZ Limited. The investor sells a January 2023 call option with a strike price of USD 50 for USD 10, and buys a January 2023 call option with a strike price of USD 60 for USD 2. What is the name of this strategy, and what is the maximum profit and loss the investor could incur at expiration?
A
Bear spread, with maximum profit of USD 8, and maximum loss of USD 2
B
Bear spread, with unlimited maximum profit, and maximum loss of USD 2
C
Bull spread, with maximum profit of USD 8, and maximum loss of USD 2
D
Bull spread, with maximum profit of USD 8, and unlimited maximum loss