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is my answer correct? On January 1 of the current year, a call option was purchased by Beats Co. for $40, which allows Beats Co,

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On January 1 of the current year, a call option was purchased by Beats Co. for $40, which allows Beats Co, to purchase 50 shares of Bieber Inc. stock at a strike price of $25 per share through December 31 of the following year. On January 1 , the fair value of the stock is $25 per share. On June 30 , the fair value of each share of Bieber Inc. stock is $28 per share, and the fair value of the option is $190. Assuming that Beats Co. settles the call option on June 30 , what is the gain or loss (if any) recorded on june 30 ? Assume that the call option was adjusted to fair value before settlement. - Note: Do not use a negative sign with your answer. - Note: If no gain or loss is recorded, select "N/A" and leave the answer blank (zero). On june 30 , a of $ was recorded

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