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Assume that the stock price of XYZ Company is currently $100 and you believe that the price will rise to $120 in 6 months. You

Assume that the stock price of XYZ Company is currently $100 and you believe that the price will rise to $120 in 6 months. You decide to purchase a call option with a strike price of $110 and a premium of $4. What is the profit or loss of the call option at expiration if the stock price of XYZ Company is $120?

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