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Apple stock is currently trading for $100.00 per share. You expect the price to increase, so you buy a one-month calf option with a strike

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Apple stock is currently trading for $100.00 per share. You expect the price to increase, so you buy a one-month calf option with a strike price of $102.00 for $2.25. A pple stock price increases by 12% over the month. What is your percent return on buying the option? 177.77% 344.44% 12% 40%

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