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21. Mr. Morris buys five $120 call option contracts at a quoted price of $3.50 per share. What is the net profit on this investment

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21. Mr. Morris buys five $120 call option contracts at a quoted price of $3.50 per share. What is the net profit on this investment if the price of the underlying stock is at $125 on the option expiration date? Ignore trading costs and taxes. A. $2500 B. $1750 C. $750 D. - $750 E. None of the above

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