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Flex Company has purchased a call option at a premium of $3 per share, which gives Flex the right to buy 1,000 shares of GHA

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Flex Company has purchased a call option at a premium of $3 per share, which gives Flex the right to buy 1,000 shares of GHA stock at $25 per share. Which of the following statements is correct regarding this option position? I GHA is at $21 per share, Flex will have a loss of $4,000. If GHA is at $21 per share, Flex will have a loss of $7,000. I GHA is at $31 per share, Flex will have a gain of $3,000. If GHA is at $31 per share, Flex will have a gain of $6,000

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