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An investor purchased an S&P 100 (OEX) July 720 Call @ 6.50. He exercises the option when the index is at 731.26. The investor has

An investor purchased an S&P 100 (OEX) July 720 Call @ 6.50. He exercises the option when the index is at 731.26. The investor has a

$4.76 gain
$4.76 loss
$476.00 gain
$476.00 loss

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