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An investor writes six naked calls. The option price is $15.50, the strike price is $60.00, and the stock price is $49.00. What is

An investor writes six naked calls. The option price is $15.50, the strike price is $60.00, and the stock price is $49.00. What is the initial margin requirement? How much of this amount must be paid "out of pocket"? What are the profit and rate of return if the stock price at expiration is $67?

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