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1. AT&T is currently priced at $85 per share and 3 month calls are priced at $11 with an exercise price of $75. What is
1. AT&T is currently priced at $85 per share and 3 month calls are priced at $11 with an exercise price of $75. What is the break even price of a long call position?
2. You buy a stock at $80 and long a put option on it with an exercise price $75 and selling at $3. If stock price is $75 at expiration, what is the profit?
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