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Assume an option trader bought 10 July 25 calls on General Electric Co. (GE) for 1.35. If the stock closed at 28 on expiration and
Assume an option trader bought 10 July 25 calls on General Electric Co. (GE) for 1.35. If the stock closed at 28 on expiration and the option position was liquidated, calculate the dollar amount of profit or loss on the trade before commissions and taxes.
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