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Go to Figure 1 4 . 1 ( The figure 1 4 . 1 is in the image ) and suppose that you write a
Go to Figure The figure is in the image and suppose that you write a covered call option on Alcan expiring on September and an exercise price of $ and that you purchase shares of common stock at the market price shown in that same figure. Assume that the stock will not pay dividends from now until the option's expiration date.
a What is the total profit if the stock price remains unchanged?
b What is the total profit if the stock price rises to $
c What is the total loss if the stock price drops to $
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