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1. A call option written on Citi Bank has an exercise price of $25 with a premium of $2. Currently, Citi Bank is trading at

1. A call option written on Citi Bank has an exercise price of $25 with a premium of $2. Currently, Citi Bank is trading at $18 per share. What is the net profit/loss to the buyer of this option?

A. - 2

B. +7

C. -7

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