Maryanne paid $300 for a call option on 100 shares of a stock. The option gives her
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Maryanne paid $300 for a call option on 100 shares of a stock. The option gives her the right to buy the stock for $27 per share until March 1. On February 15, the stock price rises to $32 per share, and Maryanne exercises her option. What is Maryanne’s return from this transaction?
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