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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 $700,000 occurs, the proft or loss () of the investor from the call is \$
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