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5 05 If you just spent $450 to purchase 1 call option contract (1 contract -100 call options) on stock X with $20 exercise price

5 05 If you just spent $450 to purchase 1 call option contract (1 contract -100 call options) on stock X with $20 exercise price and an expiration date one week from today. Calculate this call option contract's net profit or loss when stock is valued at $24 per shame 0-$450 $400 -$50 -$400 07

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