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c) Your tortilla company would like to partially protect itself against upward movements in corn prices by utilizing call options. Your company buys a call

c) Your tortilla company would like to partially protect itself against upward movements in corn prices by utilizing call options. Your company buys a call option with strike price $600 for $15 and sells a call option with strike price $650 for $7.75. Both call options have one year until expiration. One year passes and the price of corn is $670. What is the profit from your options position? (5 points)

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