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1. An investor sells an insurance call option based on the insured losses of a property insurer. Suppose the premium of the call option is

1. An investor sells an insurance call option based on the insured losses of a property insurer. Suppose the premium of the call option is $200,000, the strike level is $300.000. If a loss of $800,000 occurs, the profit or loss (-) of the investor from the call is 3

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