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A trader purchased a 3 months call on a t bill contract of $500000. The option premium paid by trader is 2.0% of the value

A trader purchased a 3 months call on a t bill contract of $500000. The option premium paid by trader is 2.0% of the value of contract. The strike price is 110. The time of expiry of the contract. The market prices 115. Compute the traders profit and loss.

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