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Investor M purchases an XYZ/June/50 call on March 1. Assume that M pays $300 premium to the option writer, and further that M pays $25
Investor M purchases an XYZ/June/50 call on March 1. Assume that M pays $300 premium to the option writer, and further that M pays $25 commission to her broker. What is M's basis in the option?
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