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An investor purchases 200 shares of XYZ stock for $55.00 a share and immediately sells two covered call contracts at a strike price of $60.00
An investor purchases 200 shares of XYZ stock for $55.00 a share and immediately sells two covered call contracts at a strike price of $60.00 a share. The premium is $3.00 a share. Based on your assigned reading from Chapter 15 on covered calls, calculate the maximum profit for this investor?
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