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(Ch 11) Li paid $300 to purchase a call (unit of trade = 100) on Delta stock with a strike price of $25. What does
- (Ch 11) Li paid $300 to purchase a call (unit of trade = 100) on Delta stock with a strike price of $25. What does the market price of Delta have to be for Li to break-even (profit=0) on his option investment? Briefly draw the profit (not payoff) graph for Lis option. (2 pts)
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