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CEB call options with an exercise price of $60 are trading at $2.00. You sell 5 CEB call option contracts at this price. Two weeks

CEB call options with an exercise price of $60 are trading at $2.00. You sell 5 CEB call option contracts at this price. Two weeks later CEB stock is trading at $63 and you decide to buy back the calls at a price equal to intrinsic value plus $0.50 of time value. What is your profit or loss on these transactions? $750 profit $350 loss $350 profit $750 loss $150 loss

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