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An investor initiates a strategy of writing covered call. In the strategy, the investor sells a 2-year European call on a non-dividend-paying stock. The call

An investor initiates a strategy of "writing covered call". In the strategy, the investor sells a 2-year European call on a non-dividend-paying stock. The call has a strike price of $250 and currently sells for $20. Simultaneously, the investor buys the underlying stock that currently sells for $265. Find a range of stock prices in year two that result in a positive profit to the investor.

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