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Ki-Hung purchased one call on XYZ stock at an exercise price of $25. The market price of XYZ stock when Ki-Hung purchased the call was

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Ki-Hung purchased one call on XYZ stock at an exercise price of $25. The market price of XYZ stock when Ki-Hung purchased the call was $24 a share. XYZ is currently priced at $30 a share. Ki-Hung paid $120 to buy the call. How much profit will Ki-Hung make if he exercises the option today and then sells the shares? lgnore all transaction-related costs. A. $480 B. $380 C. $600 D. $500

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