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Assume a pension fund purchased stock at $87. Call options at a $90 exercise price presently have a $5 premium per share. The pension fund
Assume a pension fund purchased stock at $87. Call options at a $90 exercise price presently have a $5 premium per share. The pension fund sells the call option on the stock it owns. If the call option is exercised when the price of the stock is $96, what is the total gain or loss per share to the pension fund?
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