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9. Consider a call option selling for $3.50 in which the exercise price is $50. Determine the value at expiration and the profit for a

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9. Consider a call option selling for $3.50 in which the exercise price is $50. Determine the value at expiration and the profit for a buyer under the following outcomes: (5 points) a. The price of underlying asset is $40 b. The price of underlying asset is $50 c. The price of underlying asst is $60 d. Determine the breakeven price of the underlying at expiration

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