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12. Strike price and premium of a European call option is $12 and $0.90 respectively. If the spot price on expiration is $14, net profit

12. Strike price and premium of a European call option is $12 and $0.90 respectively. If the spot price on expiration is $14, net profit of the option (i) holder is $2.00, (ii) writer is -$1.10 (iii) holder is $1.10, (iv) writer is $1.10

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