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Immolition Co. CALL options were bought by an investor at a strike price of $55 with a premium of $5.76. At expiration, the stock price
Immolition Co. CALL options were bought by an investor at a strike price of $55 with a premium of $5.76. At expiration, the stock price was $54.60. What was the investor's profit (loss) on the option play if held until expiration? $(5.76) $(0.43) $ 6.28 $ 1.40 O $ 4.24
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