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3. You bought eight call option contracts with a strike price of $27.50 and a premium of $0.66. At expiration, the stock was selling for

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3. You bought eight call option contracts with a strike price of $27.50 and a premium of $0.66. At expiration, the stock was selling for $26.90 a share. a) What is the total profit or loss on your option position b) what if your stock is selling $29.5

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