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7. You purchase one MBI June 250 call contract(equaling 100 shares) for a premium of $5.27. You hold the option until the expiration date, when
7. You purchase one MBI June 250 call contract(equaling 100 shares) for a premium of $5.27. You hold the option until the expiration date, when MBI stock sells for $264.33 per share. You will realize a _____ on the investment
A. $527.00 Profit
B. $906.00 profit
C. $527.00 Loss
D. $906.00 Loss
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