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40.) Suppose the underlying stock prices at option maturity is $55 and stock price when buying the option is $52, what is the profit for

40.)

Suppose the underlying stock prices at option maturity is $55 and stock price when buying the option is $52, what is the profit for buying a covered call option with strike price of $47 and a premium of $4?

-1

47

3

51

-3

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