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Assume the investor bought the underlying stock at $20/ share and decided to enter into a covered call strategy. Given that one October $37 ABC

Assume the investor bought the underlying stock at $20/ share and decided to enter into a covered call strategy.

Given that one October $37 ABC put is trading at $2.60 and an October $37 ABC call is trading at $6.

If the stock is currently trading at $40.25, what would the gain or loss on this strategy?

Select one:

a. None of the above

b. $17.65

c. $23.00

d. $26.25

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