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Attempting to make a quick profit, Jana paid $300 for a call option on 100 shares of TI stock with an exercise price of $55
Attempting to make a quick profit, Jana paid $300 for a call option on 100 shares of TI stock with an exercise price of $55 per share; she also paid $200 for a put option on 100 shares of ABM stock with an exercise price of $60 per share. If at the expiration date, TI stock closed at $54 per share and ABM stock closed at $49 per share, what is Jana's payoff with TI stock? What is her payoff with ABM stock? What is her total dollar net profit with both stocks?
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