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* 2. An investor with $2,000 to invest feels that a stock price will increase over the next 2 months. The current stock price is

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* 2. An investor with $2,000 to invest feels that a stock price will increase over the next 2 months. The current stock price is $20 and the price of a 2-month call option with a strike of 22.50 is $1. Suppose that the speculator's hunch is correct and the price of the stock rises to $28 by December. The investor purchases of 2,000 call options (i.e., 20 call option contracts). What is the profit of this strategy? $800 $9000 $600 $2000

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