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Draw the profit diagram for a short position in a call option on shares of the Wireless Electricity Co. The strike price of the option
Draw the profit diagram for a short position in a call option on shares of the Wireless Electricity Co. The strike price of the option is $20 and the call premium is $3. What is the maximum profit that you could earn on this position in this option? Assume that the option contract is for one share only.
a. $3
b. $17
c. $20
d. infinity
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