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A trader buys a European call option with a strike price of $25, for a price of $1.50. The price of the underlying stock at

A trader buys a European call option with a strike price of $25, for a price of $1.50. The price of the underlying stock at maturity is $37. What is the profit on the option to the trader?

a. $1.50 b. $13.50 c. $12.00 d. $10.50

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