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An investor purchases 100 shares of ABC stock, and writes a covered call on the stock with a strike price of $100.00. The investor receives
An investor purchases 100 shares of ABC stock, and writes a covered call on the stock with a strike price of $100.00. The investor receives a premium of $3.00 on the calls.On the expiration date of the calls, the stock closes at $95.00. What is this investor's total profit?
A. $500 profit
B. $500 loss
C. $300 profit
D. $200 profit
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