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3. A 6 -month call option contract on 100 shares of Home Depot common stock with a strike price of $ 60.05 can be purchased

3. A 6 -month call option contract on 100 shares of Home Depot common stock with a strike price of $ 60.05 can be purchased for $ 607 . Assuming that the market price of Home Depot stock rises to $ 75.13 per share by the expiration date of the option, what is the call holder's profit? What is the holding period return?

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