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Consider a covered call position Stock V's price is currently $67 (1.0, S = $67). Assume you own 100 shares of Stock V. You can

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Consider a covered call position Stock V's price is currently $67 (1.0, S = $67). Assume you own 100 shares of Stock V. You can write one call (perfectly covering your 100 shares) with a strike price of K=$7 and receive a $3.00 premium. Draw the "final" payout diagram which shows the gain/loss to this covered call position based on potential underlying stock price movements of Stock V...you may do so on a "per share" basis OR for all 100 shares & 1 contract. Regardless of your diagram units, make sure you tell/show me the EXACT gain/loss to the covered call if the underlying stock price of V moves to S=$55, S=$60, S= $65, S - $67, S=$70, S-$75, and S=$80. (15)

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