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An investor writes a covered call (long the stock, short the call) with a strike price of $50.00 on a stock selling at $45.00 for

An investor writes a covered call (long the stock, short the call) with a strike price of $50.00 on a stock selling at $45.00 for a $3.00 premium. The range of possible profit to writer of this covered call on the combined position per share is:

A. $5.00 to $8.00

B. -$42.00 to $8.00

C. -$45.00 to $53.00

D. $8.00 to infinity

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