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An option to buy a stock is priced at $ 3 0 0 . If the stock closes above 3 0 on May 1 5

An option to buy a stock is priced at $300. If the stock closes above 30 on May15, the option will be worth $500. If it closes below20, the option will be worth nothing, and if it closes between 20 and 30(inclusively), the option will be worth $300. A trader thinks there is a 40% chance that the stock will close in the20-30 range, a 50% chance that it will close above30, and a 10% chance that it will fall below 20 on May 15. How much does she expect to gain?

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