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A 6-month call on a certain common stock carries a strike price of $60. It can be purchased at a cost of $600. Assume that

A 6-month call on a certain common stock carries a strike price of $60. It can be purchased at a cost of $600. Assume that the underlying stock rises to $75 per share by the expiration date of the option. How much profit would this option generate over the 6-month holding period? Using HPR, what is its rate of return?

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