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1. You have purchased 10 call option contracts on CBA stock with an exercise price of $58.50 when the option was quoted at $2.50. The

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1. You have purchased 10 call option contracts on CBA stock with an exercise price of $58.50 when the option was quoted at $2.50. The option expires today,r when the value of 131": stock is $62.60. \What is the net prot or loss on this investment, ignoring all trading costs and taxes

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