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1.) A six-month call option contract on 100 shares of Home Depot common stock with a strike price of $60 can be purchased for $600.

1.) A six-month call option contract on 100 shares of Home Depot common stock with a strike price of $60 can be purchased for $600. Assuming that the market price of Home Depot stock rises to $75 per share by the expiration date of the option, what is the call holders profit? What is the holding period return?

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