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An investor buys a European call on a share for $4. The current stock price is $47 and the strike price is $50. A. Suppose

  1. An investor buys a European call on a share for $4. The current stock price is $47 and the strike price is $50. A. Suppose at expiration the stock is selling for $47. How much is payoff? How much is net profit? B. If the stock at expiration is $52, how much is net profit?

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