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Let us suppose that an investor. Buys a 100-share call option for $250. The call option has an exercise price of $60. The underlying price

Let us suppose that an investor. Buys a 100-share call option for $250. The call option has an exercise price of $60. The underlying price per share of the stock at expiration is $66.

What then is the amount of profit or loss, ignoring brokerage fees?

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