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In which of the following ways would the writer of an uncovered call usually make a profit? The call expires. The underlying stock splits. The

In which of the following ways would the writer of an uncovered call usually make a profit?

  1. The call expires.
  2. The underlying stock splits.
  3. The underlying stock goes up in price.
  4. The underlying stock goes down in price.

  1. III only.
  2. I and IV only.
  3. II and IV only.
  4. I, II, and III only.

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