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11. 30 days ago, you bought a call option on Apple stock with a strike price of $132 for $5.33, which expires today. The effective

11. 30 days ago, you bought a call option on Apple stock with a strike price of $132 for $5.33, which expires today. The effective risk-free rate is 2.4%.

a. What is the payoff if the stock price is $144 today?

b. What is your profit if the stock price is $144 today?

c. What is the payoff if the stock price is $120 today?

d. What is your profit if the stock price is $120 today?

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