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b. What will be the profit/loss on this position if IBM is selling at $167 on the option expiration date? What if IBM is selling

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b. What will be the profit/loss on this position if IBM is selling at $167 on the option expiration date? What if IBM is selling at $175? Use The Wai'i'Street Journal listing below to answer this question. c. At what two stock prices will you just break even on your investment? d. What kind of "bet" is this investor making; that is, what must this investor believe about IBM's stock price to justify this position

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