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A Microsoft January 18, 2021 call option with an exercise price of $115 costs $7. Microsoft trades today for $120. What is the profit or

A Microsoft January 18, 2021 call option with an exercise price of $115 costs $7. Microsoft trades today for $120. What is the profit or loss if you buy the option and the stock rises to $130. You do not own the stock:

$15 gain

$8 gain

$7 loss

$8 loss

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