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16. Katie purchased 1 call option contract on Atlas Co. stock with a strike price of $37.00. On the expiration date, the stock was priced

16. Katie purchased 1 call option contract on Atlas Co. stock with a strike price of $37.00. On the expiration date, the stock was priced at $37.22 a share. What is the total payoff on the option contracts?

-$220

-$22

$22

$220

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