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1. . Call options on Wipple trade with a strike price of $46 and a premium of $10.20. Determine the profit/loss to WRITING a call

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Call options on Wipple trade with a strike price of $46 and a premium of $10.20. Determine the profit/loss to WRITING a call option if at the time of expiration the stock price is $51. Place your answer with dollars and cents without a dollar sign. Enter negative answers with a "minus" sign. For example, if your answer is negative two dollars and seventy five cents, then enter -2.75

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