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9.(10 points) Assume a stock sells for $8.75. An European call option written on it sells for $0.75 and has an exercise price of $9.

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9.(10 points) Assume a stock sells for $8.75. An European call option written on it sells for $0.75 and has an exercise price of $9. If the price of the stock at expiration is $9.6, what is the profit at expiration about a covered call based on above information? What is the breakeven price of the stock at expiration for this covered call

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