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Assume you are looking at a call option on Bristol Cities Inc. with an exercise price of $104. The current stock price today is $102
Assume you are looking at a call option on Bristol Cities Inc. with an exercise price of $104. The current stock price today is $102 and the option has a premium of $3. What will be the profit or loss earned by the speculator at prices of $101, $105, and $113 just before the time of expiry? Assume the option will not be exercised until maturity.
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