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7. You own 100 shares of Nike purchased today at $170 per share. You sell a February at the money call option (strike price $170,

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7. You own 100 shares of Nike purchased today at $170 per share. You sell a February at the money call option (strike price $170, February expiration) for $10.25 per share. If Nike reaches $180 per share at maturity your profit on the covered call is closest to: (a) $1,025 profit b) $25 profit c) $800 loss

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