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A trader enters into a covered call strategy. The trader buys 100 shares of the underlying for $70 per share and sells one $75 strike

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A trader enters into a covered call strategy. The trader buys 100 shares of the underlying for $70 per share and sells one $75 strike call for $1.10 in premium. What is the profit (or loss) of the trade if the shares are trading for $77 at expiration? (Enter the total trade value, not the per share value)

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